Analysis of the American Trading Session

Trading on the American session on Tuesday closed with a strengthening of the dollar index, despite the weak statistics published by the United States. The main driver for the strengthening of the American dollar was the growth of optimism in the stock markets and the decline in demand for safe-haven currencies.

The US dollar index on Tuesday was fixed above the support of 96.70, pointing to the preservation of the upward dynamics and opening the way to resistance levels: 97.00 and 97.20. It is worth noting some overbought of the American dollar and the possibility of low-key correction to the support of 96.70-60.

The US dollar index chart. The current price is 96.90 (10-year government bonds yield is the blue line)

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Andre Green

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