DXY Dollar Index Update The Dollar is trading sideways in a trader-friendly range as it unwinds an overbought condition after the recent near 2% rally, particularly striking for the power of that big green candle from the end of October, from 93.50 dead. It's a classic continuation pattern, signalling further Dollar strength in store in a few days' time. However in the nearterm DXY should continue sideways to down from here, giving mild sustenance to the pairs for a while longer, though all are only making corrective or continuation patterns prior to further weakness as the Dollar unwinds this overbought condition. DXY should fall back to 94.41 and then bounce again, moving sideways - maybe until 15th November where it meets the rising support line from the lows and should then begin to rally again. For this picture of underlying Dollar strength to change DXY would have to break below this trendline - unlikely as things stand and looking at that bear engulfing large green candle.