Analysis of the American Trading Session
The US trading session on Friday closed at the opening of the day after multidirectional fluctuations, which were caused by mixed U.S. data. Despite this, an employment report in the United States showed a significant increase in new jobs, which contribute to the strengthening of the US currency. The growth of jobs became a driver for the strengthening of the dollar at the opening of trading on Monday, which was promoted by low activity due to the celebration of the Chinese New Year.
From the start of February, the US dollar index has been trading in the upward channel for correction after a decline, limited to resistance levels: 95.80 and 96.00. Support is located at levels: 95.60 and 95.50.
The US dollar index. The current price is 95.70 (10-year government bonds yield is the blue line)
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Andre Green
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