I've been following the progress of the $USD index for many years and I've just noticed that it is now at a very pivotal point (i.e. touching the 50d MA (see chart above). If it falls and stays under this level (i.e. currently around $92.50) in the next few days, then I think it's days are numbered. However, there is a small chance that it could bounce back up from this level. With so much turmoil going on in the USA, I would not be surprised if does collapse.
Which way do you think it will go and why ?
