State of the market: pessimism continues to put pressure on the dollar
Thursday’s trading opened with a restrained movement of major currency pairs, after another decline in the American dollar, which was traced in the second half of Wednesday. At the opening of trading on Thursday, there is a restrained correction, which continues to be limited by negative market sentiment.
The US dollar index from the start of the day shows a moderate correction after the decline, having rebounded from the level of 99.00. The upward correction of the American dollar is limited by the resistance level of 99.20-30 and the preservation of pessimistic market sentiment. Therefore, the possibility of repeating yesterday’s movement model, where sales of the US dollar will resume after correction, is not ruled out.
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Hanzenko Anton
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