Analysis of the American Trading Session
Friday trades on the US session closed in different directions on the dollar index, because of mixed employment data in the US and statements of the People’s Bank of China. As a result, tradings for the American dollar closed multidirection near the weekly high, thereby maintaining the upward dynamics of the American dollar on the optimism on monetary policy tightening, but also indicating the possibility of correction from the resistance level of 95.40-50. The level of resistance is limited to support levels: 95.20 and 95.00.
The US dollar index chart. The current price is 95.20 (10-year government bonds yield is a blue line)
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Andre Green
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