Analysis of the American Trading Session
The US session on Thursday closed with a weakening of the US dollar against safe assets. The reason for the sale of the American dollar were a very weak retail sales data in the United States. Additional pressure on the American dollar had a correction after prolonged growth and possible risks before the trade negotiations.
As a result, the US dollar index closed the day with a moderate decline, while updating this year’s high. Thus, it pointed to the preservation of the upward dynamics of the dollar. Significant resistance settled at levels: 97.20-30 and 97.50, support: 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)
Andre Green
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