Analysis of the American Trading Session

The US session  closed with a decline of the US currency against a basket of major competitors on Monday. It was due to weak statistics on retail sales in the US and the persistence of negative sentiment in the market. As a result, the US dollar index closed Monday trades near the  month low, completely losing all earned positions on Friday.

Downward movement on the US dollar was slowed down by attempts to increase optimism by the end of the day and technical oversoldness of the American dollar at 95.00. As a result, the downtrend for the dollar index remains, but is limited to the correction and support of 95.00. Resistance is located at levels: 95.20-30 and 95.50.

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Andre Green

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