Analysis of the American Trading Session
The US session on Monday closed with restrained movement of the US dollar index near weekly lows. The reason for the weakness of the dollar against its main competitors was the expectation of the US Federal Reserve meeting results and the publication of the results of the shutdown in the United States. Despite the fact that the work of the government in the United States is temporarily restored, the conflict has not been resolved.
On the American session the low at the level of 95.60 was updated, indicating the preservation of the downward trend of the US dollar, which formed the downward trend, but is limited by oversold. Significant resistance is located at the levels: 95.80 and 96.00, supports: 95.50 and 95.30.
The US dollar index chart. The current price is 96.70 (10-year government bonds yield is the blue line)
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Andre Green
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