Analysis of the past week

The last full trading week of the outgoing 2018 was low liquid as expected. It was caused by a decrease in trading volumes. Trades on most major currency pairs were held in low-key trends or with sideways dynamics, in effect confirming the absence of large money in the market. At the same time, safe haven assets were popular throughout the week, among which the Swiss franc took the lead unexpectedly.

The US dollar index for the week updated December high at the level of 96.20, which confirmed general downward trend in the American dollar, which may be limited in the near future by correction. Significant support levels are located at the levels: 96.20 and 96.00, resistances are: 96.50 and 96.70.

The US dollar index H4 chart. The current price is 96.30 (10-year government bonds yield is the blue line)

Hanzenko Anton