State of the market: currency market remains restrained

At the opening of Friday trading, most major currency pairs are traded in the flat in the absence of new drivers. The exception was the New Zealand dollar, which sharply weakened on the comments of the RBNZ member Jeff Baskand, who spoke in favor of lowering the key interest rate in New Zealand due to an increase in bank capital. As a result, the NZD/USD pair accelerated the decline at the start of the day and updated the weekly low, indicating that the downward trend was maintained during the correction after prolonged growth.

The US dollar index, like most major currencies, continues to trade in a well-established side channel waiting for the results of the US -China trade talks. The US dollar index, despite trading in the flat, remains in the downward channel, limited to resistance levels: 96.70 and 96.90. Support is located at marks: 96.40 and 96.20.

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Hanzenko Anton

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