Analysis of the American Trading Session
The US session on Wednesday closed with a general increase in the US dollar against a basket of competitors, the reason for which was the continued optimism around the US – China trade talks. Also it is worth noting the preservation of the uptrend, which contributes to the strengthening of the dollar. The growth of pessimism on Thursday also contributes to strengthening the American dollar against the background of investors’ flight from risks, but will be limited to the general overbought of the dollar.
The US dollar index on the basis of Wednesday updated the high at the level of 97.20, which indicated the preservation of the upward trend. A very weak pullback to corrections is likely to limit further strengthening of this currency. Resistance 97.50, support 97.00.
The US dollar index. The current price is 97.30 (10-year government bonds yield is the blue line)
Read also: “The nearest prospects for USD”
Andre Green
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