Analysis of the American Trading Session
Trading on Friday closed with a general strengthening of the US dollar across the market. The reason for this was the data on the growth of employment in the United States. At the same time, the growth in wages showed a slowdown in growth, which restricted the growth of the American dollar on positive jobs report. Additional support for the US dollar was provided by another decrease in the British pound on Brexit risks, which were exacerbated by political uncertainty in the UK.
The US dollar index closed the week near the highs at the level of 97.50-40, pointing to the preservation of the upward trend, which at the same time is limited by this extremum and total overbought. This may cause a slowdown in the US dollar growth. Support levels are: 97.20 and 97.00, resistance: 97.40-50 and 97.70.
Fig. The US dollar index. The current price is 97.30 (10-year government bonds yield is the blue line)
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Andre Green
Earn with the help of the trade service on the news Erste News!
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