Do or Die Time for US Dollar

USDKRW is not a prediction, but a potential risk for the markets if the U.S. dollar reverses. However, the dollar will have to do more than bounce here if it is to catch global investors off guard.

The euro broke long-term resistance. At this point, I respect the euro break and assume all of the charts above will breakdown. If the dollar will reverse it will be imminent though, because continuation will result in breakdowns all over and follow through on these charts.

For myself, I will benefit greatly from a U.S. dollar breakdown given positions in various mining and resource shares. I'm more interested in a potential dollar reversal because global investors have already priced a dollar bear market into most assets. Gold might be an interesting outlier because it has been moving with USD in the past month, but as in March, might be caught during a volatile plunge should the dollar shock markets.