Analysis of the American Trading Session

The US session on Tuesday closed with a decrease in the US dollar against its main competitors. The reason for the decline in the dollar was the weak data on the real estate market in the United States, which became the driver of the dollar decline in the technical correction. At the same time, the lows of the current week (96.20) continue to be a significant support.

The US dollar index is trading in the side channel after yesterday’s decline, forming a flat. At the same time, it is too early to talk about correction or continued growth. Movement in the sideways trend indicates market uncertainty and lack of drivers. Significant resistance settled at levels: 96.50 and 96.70, support: 96.20 and 96.00.

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

Read also: “Stochastic Oscillator (Stochastic) is another useful indicator”

Andre Green

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