State of the market. The US dollar keeps pressure

During today’s trades, against the backdrop of the lack of a significant news background, as well as of any other catalysts, most of the trading hours the main instruments of the foreign exchange market demonstrated a flat movement. At the beginning of US trading, the US dollar managed to seize the initiative and strengthen its positions against the basket in conditions of low liquidity, which is associated with a day off in the US and Canada.

The US dollar index continues to recover its positions. On the chart D1, the figure “Double bottom” is formed, in the case of which it is worth waiting for the recovery of the dollar index to the level of 92.00.

Fig. Graph of the US dollar index. The current price of DXY is 89.29.

Alexander Sivtsov