State of the market: the dollar retains an onslaught

At the opening of trading on Thursday, the US currency maintains an upward trend against a basket of competitors. An uncertainty remains on the market and the dynamics of investors’ flight from risks can be traced despite the restrained positive dynamics of stock indices. The reason for pessimism remains geopolitical uncertainty and suspension of the market in this situation.

A clear positive trend is demonstrated by the US currency. Thus, the US dollar index from the start of the day has been trading near a significant resistance of 96.20, which is a significant level and the upper limit of the downward channel. As a result, a reversal is possible in this zone. The upward trend of the current week is limited by the levels: 96.30 and 96.50, support: 96.00 and 95.80-70.

Read also: “Individuals – the words and statements of which have a significant impact on world financial markets. Part 1″

Hanzenko Anton

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