Analysis of the past day

On Wednesday, April 18, the US currency showed a very multidirectional dynamics, which was caused by ambiguous dynamics of stock indices. At the same time, the US dollar continues to trade near a significant resistance at 89.70, thereby limiting itself to a downward trend.

Stock markets throughout the day remained mostly above zero, but the mixed start of trading on Wall Street indicates some concerns of the market (Nikkei 225 +1.47 DAX +0.10, FTSE 100 +1.30, Dow 30 +0.10) .

Weak inflation data in Europe provided short-term support to the US dollar. As a result, the dollar index updated Tuesday’s high and began to form the reversal model “head and shoulders”, which confirms the safety of the downward trend in the US dollar.

Graph of the US dollar index. The current price is 89.60.

Hanzenko Anton