I think that USDVND is in a new bull phase, it will soon surpass 30K VND per 1 USD. Things get very interesting looking through the Fibonacci levels.
Since the start of this chart this has been in an uptrend. You can see many times it has gone flat. To me this chart is a currently at the bottom of a flat section. One of 2 things are likely to happen next a prolonged flat position where you would not gain of loose much. Or a break out into a substantial rise.
Chart speaks for itself. No movement since late april until Today... And how big it was. July 7th must be the real key
Vietnam economy is one of the fastest Asian recipient of capital inflow in the form of foreign direct investment (FDI) to accelerate their economy in long term. This is followed by the capital inflow in the form of portfolios from foreign investors for Vietnamese Dong-denominated debt securities to boost their capital to support the economic growth. The capital...