Analysis of the American Trading Session

Trading in the US session on Wednesday closed with restrained strengthening of the US currency on the growth of risks and negative sentiment around the aggravation of the United States and China trade relations. The restraint of the market against the backdrop of the closing of trading on Wall Street has provided an additional support for the American dollar in reducing liquidity.

As a result, the US dollar index closed the day with a weekly high of 97.20. It confirmed the upward dynamics of the dollar and  pointed to a further increase to resistance levels: 97.30 and 97.50. The main support is located at levels: 97.00 and 96.80.

The US dollar index chart. The current price is 97.10 (10-year government bonds yield is the blue line)

Read also: “Fundamental Analysis: Inflation and the Impact of its Indicators on World Currencies”

Andre Green

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