Another low for USD after breaking through the key zone!
USD is really the anchor which affects so many assets.
Forex: needless to say! USDCNH, GBPUSD....
Commodities: normally, USD has negative correlations with those. e.g. gold ,silver.
I've marked key zones on monthly, weekly as well as the daily chart. After breaking the previous low, I don't see any sign of reversal yet. In addition, the weak job data may imply further stimulus policy from Fed and Treasury.
Technically, the next daily demand zone is around 89. Let's see if any buyer pressure shows up there! Until then, I hold a bearish view of USD.
Forex: needless to say! USDCNH, GBPUSD....
Commodities: normally, USD has negative correlations with those. e.g. gold ,silver.
I've marked key zones on monthly, weekly as well as the daily chart. After breaking the previous low, I don't see any sign of reversal yet. In addition, the weak job data may imply further stimulus policy from Fed and Treasury.
Technically, the next daily demand zone is around 89. Let's see if any buyer pressure shows up there! Until then, I hold a bearish view of USD.
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