Technically, the dollar is ripe for a rally…

Last March, the safe haven that was the U.S. dollar peaked in price at $89.50, as represented by the cash Dollar Index (DXY), as fear of a stock market collapse subsided. Today, with the Standard & Poor’s 500 Index nearly 60% off of its March low, the DXY is trading at $75.80/85, down 15% in seven months, and a clear reflection of the 180-degree shift of capital from safety to considerably riskier assets.