Dollar couldn't resist Fibonacci target of 77.92, but can it make a low here?

Once again the dollar is down and finally grappling with the 77.92 level I've mentioned for weeks (maybe months -feels like it!). The US dollar index so far dropped to 77.52 today. This is the next best chance for the dollar to make a low, but we probably won't know today if this can be it. Obviously it needs to firm up and trigger back above 77.92 to make it happen. Can it do so? The fact that gold and silver are up, but not wildly up, makes me wonder.

Below is the weekly chart of UUP and it's showing the downtrending indicators. So at this point we can continue to see that the dollar moves lower into its cycle low time, and the .618 Fibonacci number proved to be a magnet. Conditions make it still possible for the dollar to use it as a pivot - we've just got to let it prove this week whether it will.