Analysis of the American Trading Session

Trading in the US session on Wednesday closed with restrained recovery of the US dollar index against a basket of competitors. The reason for the strengthening of the American dollar was a technical correction after a decline early in the day and a slowdown in the growth of optimism in the stock markets.

The dynamics of the American dollar at the trading on Wednesday remains a downward, limited support level of 97.00, indicating a downside potential with the renewal of the lows and support breakthrough. Resistance is located at the level of 97.20-30, fixing above which will give hope for the update of the uptrend.

Fig. The US dollar index chart. The current price is 97.10 (10-year government bonds yield is the blue line)

Read also: “Expectations from the USD/CAD pair at the end of the year”

Andre Green

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