Analysis of the American Trading Session

Trading for the US currency closed ambiguous in the US session on Friday, which was caused by the publication of employment data in the US, which, in turn, became the reason for the multidirectional fluctuations in the market.

The US dollar index closed near the lows on Friday, but above the significant support of 95.50, which was caused by maintaining optimism about the US dollar and maintaining expectations that the US Fed will continue to adhere to a tight policy of raising interest rates. Also,  the preservation of pessimism in the stock markets, caused by the exacerbation of the trade opposition between the United States and China continues to provide support to the American dollar .

The US dollar index is trading in a downward corrective trend, limited to resistance 95.80-90, but limited to significant support at levels: 95.70 and 95.50.

The US dollar index chart. Current price – 95.70 (10-year government bonds yield – 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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