Analysis of the past day

Friday trading on the foreign exchange market closed with a correction in the US dollar against a decline on Thursday. The reason for the recovery of the American dollar, despite the remaining risks and weak statistics on the United States, was the technical correction of short positions on the dollar before the long weekend due to the celebration of Christmas.

Stock indices also showed multidirectional dynamics following the dynamics of the American dollar. At the same time, general downward dynamics and moods will remain (Nikkei 225-1.13; DAX +0.10; FTSE 100-0.10; Dow 30 +1.00).

The US dollar index closes Friday’s growth on the correction against the weekly decline with the update of the monthly low at 96.20. Correction of short positions on the American dollar is limited by the overbought and the existing downward channel. The resumption of dollar sales is expected from resistance levels: 96.80 and 97.00.

The US dollar index chart. The current price is 96.80 (10-year government bonds yield is the blue line)

Hanzenko Anton