The US dollar maintains a strong position

The US dollar is strong against the basket of currencies in the course of Thursday trading, receiving the main support from the comments of the head of the Federal Reserve Powell on Tuesday. Additional support for the US currency is provided by the reduction in the number of applications for unemployment benefits and mixed data on income and expenditure of individuals. See “Market News“.

During today’s trading, the US dollar index reached 90.83, thus continuing to develop the figure of “Double Bottom” on the daily chart, if this trend continues, one should expect the US dollar index to rise to 91.50, 92.00.

Fig. Graph of the US dollar index. The current price of DXY is 90.76.

Alexander Sivtsov