U.S. Dollar Index hitting the skids?
March 31, 2016 - The dollar index has been trading in a messy, but valid, trading range since late 2015. If the sideways “trend” continues, we should be looking at a decline toward 93.00 in the index. However, if prices break below 93.00, which we believe is a probable scenario, we could see a significant repricing. After all, momentum indicators, such as RSI are trending lower, and bullish dollar sentiment appears to be waning.