![](https://esterholdings.com/wp-content/uploads/forex-zavershenie-dnya-e1453627305503-2-730x486.jpg)
Analysis of the past week
The outgoing week has become very productive for the US dollar. As a result, the dollar index strengthened against the basket of competitors and returned to the resistance level of 98.00, demonstrating a steady growth with intraday volatility of about 1.3%. The reason for the strengthening of the American dollar throughout the week was the optimism of the growth of the US economy, which was reinforced by published positive data.
The US dollar index was overbought after a week of growth. It is limited by the expectation of lowering rates from the US Federal Reserve, from 25 to 50 b. p. This week the US dollar may be under a considerable pressure. This can return the dollar index to support levels: 97.80, 97.50 and 97.30. Resistance is located at the levels: 98.00 and 98.40.
Fig. The US dollar index H4 chart. The current price is 98.00 the on 10-year government bonds yield is the blue line)
Hanzenko Anton