State of the market: American dollar is recovering

Friday trades opened the preservation of the upward correction of the American session on Thursday. The reason for the growth of the dollar yesterday was the technical correction after the decline, strengthened by positive data on real estate in the United States and the decline in the US state bonds profitability. At the same time, in general picture  the dynamics of the dollar remains limited due to the expectation of the publication of the US employment report.

Technically, the US dollar index remains in a downtrend, limited to the resistance of 95.60-80. But the US employment data may slow this trend, triggering the formation of lateral movement while waiting for the news. Significant support settled at levels: 95.50, 95.30 and 95.00.

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Hanzenko Anton

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