Analysis of the American session - Ester Holdings

Analysis of the American session

Wednesday’s trading closed with a moderate growth of the US dollar against most competitors, which was caused by increased risks around the trade talks. Amid the escalating tension, the American dollar acted as a safe asset, as a result of which it updated the high. But in the face of uncertainty, the American dollar could not hold its position and retreated from the highs.

Technically, the US dollar is trading with an upward trend, breaking off a support at 97.80-70. However, it remains uncertain on the US – China trade talks, limiting himself to resistance levels: 98.00 and 98.10.

Fig. The US dollar index chart. Current price – 97.80 (10-year US government bonds yield – blue line)

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Andre Green


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