US Dollar hits new two and a half year low 90.42 on Monday. The USD still continuing the downtrend and the next key support to watch at the 90 levels. While I expect there is a chance for a bounce back to above 91.20 from these demand zones.
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Forex noob here. I agree that the USD will continue the downtrend for at least the next 30 days or so. Any ideas as to which pairs will do best against the USD on an enter and hold overnight basis for that time frame?
Yes, the continuing downtrend of USD might even be extended to a couple of weeks or even months.
Do you think vaccine runs will support USD?
The main reason why I trade USD currency pairs the most is the fact that with more volume, spreads between the bid and ask price narrow down. And this means that the majors have smaller spreads than exotic pairs.