The state of the Asian market: the American begins to adjust positions

With the start of the Asian session in the market, there is a renewed interest in the US currency after a wave of sales, which was caused by the overbought of the American. Expectations regarding this movement have been described here.

At the beginning of the day, the RBA protocol was published. As a result, the monetary policy remained unchanged, but the forecast for GDP growth in Australia improved. But, the protocol of the Reserve Bank of Australia  was perceived in a cold manner by the market.

The main movement in the market is traced in the direction of purchases of the American currency, which is caused by some workload of the American and positive moods. It’s too early to talk about a full-fledged resumption of the upward trend in the dollar, but the potential for strengthening pf the American remains.

Hanzenko Anton