Analysis of the past week

Last week was very volatile thanks to the news. Significant impact on the trades had the US Federal Reserve meeting results, which collapsed the dollar to March lows at the level of 95.80. But the technical correction, exacerbated by the growing risks of a resumption of the US and China  trade war and the risks of BREXIT without a deal, helped the American dollar fully recover against most competitors.

Thus, the intra-week volatility of the US dollar index exceeded 1%, actually closing the week at the opening level and forming a reversal candlestick on the weekly timeframe.

The dollar index closes the week near the resistance 96.70-80, limited to a significant overbought, indicating the potential for the resumption of the general uptrend. Significant support settled at levels: 96.50 and 96.20, resistance: 97.00 and 97.20.

The US dollar index H4 chart. The current price is 96.70 (10-year government bonds yield is the blue line)

Hanzenko Anton