Analysis of the American Trading Session
The American session closed near the highs of the day after the dollar’s growth on optimistic expectations and strengthening of US stock indices on Tuesday. Also, the American dollat was supported by the comments of the US Federal Reserve Chair, but at the same time the maximum of the day was not updated.
The growth of the US dollar basically fell on the strengthening of stock indices, which in turn was stimulated by the beginning of the reporting period, which is likely to remain optimistic also in the stock markets in the near future.
Technically, the dollar index is limited by overbought and level 94.20. More significant resistance is located at the level of 95.50, support are the marks: 95.00 and 94.80.
The US dollar index. The current price is 94.20 (10-year government bonds yield is a blue line)
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Andre Green
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