Analysis of the American Trading Session

Trades in the US session closed with the decline for the US currency on Wednesday. The reason for this was ambiguous  inflation data in the United States and the growth of optimism about the British currency, caused by information on Brexit.

The US dollar index closed the day with a low of 96.80-70, coinciding with the strengthening of the pound. General downtrend of the US currency remains in force, opening the way to support levels: 96.60 and 96.50-40. Resistance is located at levels: 97.00 and 97.20.

The US dollar index chart. The current price is 96.80 (10-year government bonds yield is the blue line)

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Andre Green

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