State of the market: the American is adjusted after updating the annual maximum

Trades on Thursday opened with a stronger correction for the dollar after the American updated a maximum of a year against the basket of major competitors at around 93.00. So, from yesterday’s American session, the American remains in the correction phase, and reached the support level of 93.20. The reason for such a rapid decline in the dollar was the growth of optimism in the stock markets, caused by the positive opening of trading on Wall Street.

Stock platforms of the Asia-Pacific region by the end of the session moved to the negative zone, and the main driver of the strengthening of the American state bonds resumed growth. This gives every reason to expect a new wave of strengthening of the American, at least to resistance levels of 93.40 and 93.60.

Hanzenko Anton