State of the market: the dollar is near significant resistance

Trading on Friday opened with restrained movement of the US dollar index at the opening of the day level. Negative sentiment in the market and statements and the fact that the US-China trade talks will take place only in early March continue to support the American dollar. As a result, market pessimism received logical support and increased the demand for safe assets. It is also worth noting the weakening of political risks in the United States, which is a positive factor for the US dollar.

The US dollar index maintains an upward trend, despite the restraint at the start of the day, limited to resistance: 96.70 and 97.00, in the way of working out the “double bottom” on the dollar index on the daily timeframe.

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Hanzenko Anton

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