Analysis of the American session

Trading at the American session on Monday closed the decline in the US dollar for the third consecutive day. This was due to the exacerbation of trade tension between the United States and China. As a result, a steady downtrend has formed on the US dollar index, limited by oversold.

An American technical correction from the support level of 97.20 indicates the formation of a correction against a decline and the preservation of the general July uptrend, which, if it fixes above the zone 97.50-80, may become the reason for the resumption of the uptrend.

Fig. The US dollar index chart. Current price – 97.50 (10-year US government bonds yield – blue line)

Read also: “ZIGZAG – not simple properties of a simple indicator!”

Andre Green

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