State of the market: trading on Wednesday remains limited

On Wednesday trades the main currency pairs showed growth against the US dollar in the correction against the New Year movement, which was traced on January 1. At the same time, it is worth noting that market activity remains reduced due to the day off on Japanese stock indices and low trading volumes. The preservation of risks because of the US – China trade confrontation is the main driver of the US dollar’s sale.  So the negative sentiments remain.

The US dollar index returned to the downtrend, fixed below 96.00, indicating a continuation of the correction and a further decline after multidirectional fluctuations associated with low liquidity. Significant support is located at 95.70 and 95.50.

Read also: “Expectations from the NZD/USD pair at the year’s end”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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