Analysis of the American Trading Session
Trading on the American session on Tuesday closed with overcoming the growth of the US currency against a basket of competitors, mainly due to a decrease in European currencies. Significant support for the dollar was provided by the overall decline of the British pound, caused by weak statistics on business activity in the UK.
The US dollar index closed trading on Tuesday with a moderate correction on weak data on business activity in the US. But he maintained an upward trend without a significant correction, pointing to a significant upward trend, which is caused by a significant overbought of the US currency.
The US dollar index maintains an upward trend, limited to attempts of correction and the general downward trend from the middle of last December. Strong resistance is located at the levels: 96.50 and 96.80, support: 96.00 and 95.80.
The US dollar index chart. The current price is 96.20 (10-year government bonds yield is the blue line)
Read also: “Swedish Krona. Features of trading Scandinavian currencies “
Andre Green
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