DXY Dollar Index Small counter-rally before further weakness DXY has crashed into the near term target zone at 92.74 - 92.55 (target 92.64) and bounced. It looks like it will consolidate by moving sideways to upwards, at best to test the upper parallel before it falls away again. When 92.50 gives way it should fall a further 1.5% to 91.01. This move, when we see it will propel gold and oil considerably higher still.