Analysis of the American session

The trading on Tuesday closed with the restraint of lateral dynamics, which was traced throughout the day. But, despite the restrained trading on Tuesday, commodity currencies closed trading growth due to rising costs of raw materials and lower risks.

The US dollar index took a waiting position in a situation of uncertainty around the trade talks. Or, given the strengthening at the opening of trading on Wednesday, went to the accumulation phase, in fact, forming a rebound from the support level of 97.80. At the same time, continuing to be limited by the uncertainty about the US-China trade relations, and the trading range from 98.20-10 to 97.80-70.

Fig. The US dollar index chart. Current price – 97.90 (10-year US government bonds yield – blue line)

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Andre Green

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