Analysis of the American Trading Session

The US session closed with a rapid correction of the US dollar against the basket of competitors on Friday. This rapid movement was a technical correction at the end of the month and the week, and became a reason for the loss of most of the previously earned positions on the American dollar. As a result, the US dollar index formed a maximum at 95.30 and partly relieved the overbought American currency.

General dynamics of the US currency remains rising, despite overbought. The main resistance is located at the levels: 95.30 and 95.50.

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

Earn with the help of the trade service on the news Erste News!

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