Analysis of the American Trading Session

Trading on the US session on Monday closed with a significant increase in the US dollar index. The reason for it was the risk of Brexit, aggravated after the voting on the exit of the UK from the EU were postponed. As a result, the dollar index strengthened significantly, fully recovering Monday’s losses and updating the high at the level of 97.20, thereby being in a significant overbought.

It is worth noting that the last week the zone 97.20-30 is a significant resistance for the American dollar and it may become an additional resistance for the dollar index. At the start of the day, the American dollar is limited to correction after growth, which was intensified by the growth of optimism in the stock markets.

The US dollar index. The current price is 97.00 (10-year government bonds yield is the blue line)

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Hanzenko Anton

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