Analysis of the past day

On Wednesday, December 6, the US currency continued to show steady growth for the second day in a row due to the absence of significant support from stock exchanges and because of declining in yields of the state US bonds. The growth of the American was also not prevented by weak statistics on employment in the US, which was released today.

Also, the market is focused on the bitcoin, which once again updated the historical maximum. Today the December meeting of the Bank of Canada was held, according to which the key interest rate remained at the same level, and the Canadian currency was under pressure due to the pigeon tone of the CBA protocol of Canada.

As a result of trading on Wednesday, the US dollar index managed to update a maximum of two weeks, thereby breaking through the resistance of 93.400. But, given the significant overbought of the American and the existing dynamics, one should expect a repeat test of support levels: 93,000 and 93,000.

Graph of the US dollar index. The current price is 93.450.

Hanzenko Anton