State of the market: the US dollar remains in flat

The dynamics of the dollar index, as well as of the market as a whole, remains restrained-limited due to the lack of news that could be a driver of the movement in the market, as well as due to the persistence of uncertainty due to the growing political risks in Germany.

In addition to low market activity on Monday, the market expects Thanksgiving Day celebrations in the US on Thursday, November 23. This event is also a limiting factor for the growth of trading volumes.

Given these factors and the continuing political risks in the US, the dynamics of the US currency will remain limited to the existing range: from 93.400-500 to 93.900-94.000. Exit from this range will open the way to significant levels of support and resistance. Support levels: 93.500-400 and 93.000-92.900, resistance: 94.000, 94.400-500 and 95.000.

Hanzenko Anton