State of the market : activity returns to the market
With the opening of trading on Tuesday, the growth of activity after long Easter holidays can be traced on the markets. With the resumption of activity in the market, the US dollar received major support in strengthening against most of the main competitors. The data that the US is ready to completely stop the export of oil from Iran support the American dollar. In turn, it will reduce supply in the oil market and may strengthen the already tense trade relations between the US and China.
The index of the US dollar from the start of the day is trading with strengthening, resuming growth after the correction. The dollar index is so far limited by the opening level on Monday, which is likely to be overcome soon. More significant resistance settled at 97.50-60. Support is located at levels: 97.30 and 97.20.
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Hanzenko Anton
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