Analysis of the American session
Trading on the US trading session on Monday closed with the general growth of the US dollar against a basket of competitors. The main driver for strengthening of the American dollar was the growth of optimism around trade negotiations, causing lower risks and weakening demand for safe haven currencies.
As a result, the US dollar index updated the November high, but was limited by overbought and a downtrend in October. Further growth of the American dollar will be limited by technical correction and resistance levels: 97.60 and 97.80. Support is located at: 97.40 and 97.30.
Fig. US dollar index chart. Current price – 97.50 (10-year US government bonds yield – blue line)
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Andre Green
Earn with the help of the trade service on the news Erste News!
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