The US dollar is fighting a tough battle as it runs up against double resistance at the 20-day moving average (red line) and the 100-day (green dotted line). The next resistance will be just overhead at the 50-day line at 86.18. There are plans that were announced at the G-20 meeting April 1st to replace the dollar as the world's reserve currency. This won't happen overnight but it's clear that it's losing it's reserve status much like the British Pound did during the last century. Special Drawing Rights (SDR's), a currency issued by the International Monetary Fund is the proposed replacement to the dollar. It's a basket of currencies (Dollars, Pounds, Euros, etc.) that is supposed to instill more confidence...but will it work? Will the world eventually demand an "asset" backed currency (gold, oil, etc.) for world trade? Lets see if "fiat" or "promise" backed paper can still do the trick.