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Breakout or Fakeout? The USD moved to new multi -year/multi-decade lows. Can it continue?

  • The GBPUSD moved to lowest level since 1985. The CAD, AUD and NZD also moved to new lows vs the greenback going back to 2020

Breakout or Fakeout? There are reasons to see the USD moving even higher after 4 currencies made new multi-year lows vs the USD last week. Can the USD buying momentum continue in the new trading week?.

In this video, Greg Michalowski, talks of the breaks and why they occurred and then looks at the technicals that will keep the momentum of the break going OR fakeout the dollar buyers - at least in the short term.

Trading analysis offered by Flex EA.