The American currency remains under pressure

The pressure on the US dollar strengthened against the backdrop of weak data on orders for Durable goods in the US in October, see more in Market News. Also, the number of initial applications for unemployment benefits in the US was published and it turned out to be very mixed due to the revision of previous value. But, the total dynamics of this indicator maintains a downward trend, despite the September growth.

The dynamics of the dollar index and the market as a whole remains very restrained. The dollar index remains in the established trading channel from 93.400-500 to 93.900-94.000. The nearest support levels are located on the level 93.600-500, the resistance levels are 93.900-94.000.

Hanzenko Anton