State of the market: the dollar remains under the pressure after statements by the US Federal Reserve Chairman

At the trading on Wednesday, the US dollar index remains under pressure, despite the attempts of correction. The pressure on the American dollar was exerted by the speech of US Federal Reserve Chairman Powell, who pointed to the waiting policy of the US Federal Reserve. As a result it was an active sale of the US currency. The main dollar decline fell against safe assets, which was reinforced by restrained market sentiment.

From the start of the day, the US dollar index has been trading with a strengthening on the correction and rebound from the support level of 96.00.  The growth of the American dollar will be limited by the resistance levels of 96.20-30 in the conditions of the downward dynamics. The strong support is the marks: 96.00 and 95.80.

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Hanzenko Anton

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