State of the market: US dollar resumes a decline

After the US dollar wave of growth on technical factors and on the growth of optimism, the maximum of the week of the dollar index against the basket of major competitors at the level of 90.17 was updated. At the same time, upward trading for the American dollar were limited by new data on the case of Trump’s connection with Russia. Special Prosecutor Robert Muller has requested documents from Trump, in which there may be confirmation of the connection between Trump and the Russian Federation.

As a result of the aggravation of the political crisis in the US, the American dollar accelerated the decline, which was intensively corrected. Judging by the technical picture of the dollar index, the downtrend was not broken, but only slowed down. That indicates the possibility of a support test at the levels: 89.90 and 89.80-70. Resistance is the mark: 90.20 and 90.40.

US dollar index Graph. The current price is 90.00.

Hanzenko Anton