Fundamentally, most of the emerging currencies are bearish against US Dollar due to potential Donald Trump's policies like tax relief for businesses, protectionism on international trade, huge investment on infrastructure spending and etc.
I personally feel like the market is overreacting to potential Trump's actions.
Keep an eye on whether Trump will do what he said during his election campaign.
Technically, I support your view that if it break the resistance zone strongly and pull back weakly, it might be a great chance to entry the market.
I personally feel like the market is overreacting to potential Trump's actions.
Keep an eye on whether Trump will do what he said during his election campaign.
Technically, I support your view that if it break the resistance zone strongly and pull back weakly, it might be a great chance to entry the market.