State of the market: the dollar maintains an upward trend on negative sentiments
The upward trend of the US dollar remains on the market with the opening of the new trading week. The reason for the strengthening of the American dollar is the growing pessimism on the stock markets and the preservation of the upward dynamics of the American dollar on the correction after the decline, strengthened by positive data for the United States.
From the start of the day, the US dollar index has been trading with a moderate strengthening, testing resistance levels of 97.20 and 97.30, actually maintaining Friday’s upward dynamics, but limited to overbought. This may indicate a move against Friday. The significant support is the level of 97.10, the breaking of which will indicate the potential for decline to the marks: 97.00 and 96.80.
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Hanzenko Anton
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