Analysis of the American Trading Session
Trading on Thursday closed with a general increase in the US dollar against a basket of competitors. As a result, the American dollar managed to regain a significant part of the lost positions at the US Federal Reserve meeting. Such a significant strengthening of the dollar has increased due to increased risks and the sale of commodity currencies, especially, the Canadian dollar and the British pound.
The US dollar index during the day updated the high of Tuesday at 96.60. It slowed down the downward trend. The growth of the American dollar caused its overbought, which indicates the potential for decline. Also worth noting is the decline in the US state bonds profitability near annual lows and put pressure on the dollar. Support levels: 96.20 and 96.00, resistance 96.50.
Fig. The US dollar index chart. The current price is 96.30 (10-year government bonds yield is the blue line)
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Andre Green
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