State of the market: the American dollar remains under the pressure
With the opening of trading on Tuesday, the US dollar remains under the pressure. Political risks in the United States continue to be the main factor behind the American dollar’s decline, which, against the background of general uncertainty regarding trade negotiations, have led to a sale of the dollar.
As a result, the US dollar index returned to yesterday’s low at 97.00, indicating a continued decline. In the conditions of preserving the downward dynamics of the American dollar, the test of support levels is expected: 96.80-70. It is worth noting the significant oversoldness of an American dollar against a basket of competitors. Resistance Levels: 97.00 and 97.20.
Read also: “In Focus: Analysis of transactions for a EUR / USD pair during the week”
Hanzenko Anton
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