Analysis of the past week

The past week has been very volatile and multidirectional in trade, as a result of which many major currency pairs close the week ambiguously, as at the opening level of the week.

The US dollar index updated the annual maximum during the week, but closed below the opening level of the week, which indicates the market uncertainty and ambiguous attitude to the US dollar, and thereby forms an expanding formation. The reason for such an ambiguous dynamics of the dollar was a very weak statistics for the US, which intensified correction.

The overall dynamics of the US dollar index remains way to growth, as indicated by the continuation of the uptrend. The return of an American dollar to psychology at 95.00 can slow its strengthening.

US dollar index H4 Chart. The current price is 94.70 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton