What are the most underrated currencies to watch in the Forex market right now?
Thanks for this question - I don’t usually look at currency strengths in this way.
Right now I have the major currencies in this order, strongest at the top -
On the face of it I would always say USD should be higher but that’s only because it usually is, I can’t offer any chart-based evidence. When USD is very strong, this benefits the CAD also, though you could argue that the price of Oil has as much influence here, or more.
By the same token, EUR should be lower because it usually is. But here there is a glimmer of TA - 2 of its 7 swing charts are bearish.
AUD is almost certainly over-valued and due for a fall.
i don’t want to pick a fight with you, but i think so, too (so it can’t be right!!) …
what do you exactly mean by underrated? the pair that you trade on, depends on your trading strategy, for example if you need a pair with strong price move, USDZAR would be a good choice, or USDPLN, or GOLD, but if you want something with smoother moves, EURUSD, USDCAD, USDAUD are good choices.
Pound, NT$, HK$, Leu, Bolívar, Peso seem be to be some underrated currencies.