After having rallied to the highest level since July 2010 earlier in the week, the DXY reversed sharply lower with the 82.20 support now key. While the DXY holds above the 82.20 level potential remains for a move back to the 84.00-10 region. A break of the 82.20 support is likely to see a continuation lower that tests the 200-DMA and then the 80.50 support beneath. Initial resistance is seen at the 83.25 highs from yesterday and we need to see an hourly close above to relieve the current immediate bearish focus that is hinting at tests of the 82.20 support.
