Analysis of the American session

Trading of the American session on Monday closed with a moderate decline against a basket of competitors. The reason for the decline of the American dollar remained rates cut by the US Federal Reserve and the exacerbation of tension in the Middle East. This actually increased the interest in safe assets, putting additional pressure on an already weak American dollar.

The US dollar index continues to trade lower near key support at 96.00, limited to oversold, which may indicate flat formation.

Fig. The US dollar index chart. The current price is 96.00 (10-year US government bonds yield is the blue line)

Read also: “Analysis of Japanese candles –
 Continuation Patterns”

Andre Green

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