Analysis of the American session

Trading on the US trading session on Thursday closed with a moderate increase in the US dollar index against a basket of competitors. The main strengthening of the American dollar was traced against commodity currencies, which came under the pressure amid risks. The main growth at the end of the day was shown by safe haven assets, which received support from risk aversion.

The US dollar index on Thursday showed multidirectional dynamics with the update of the high at 98.30 and a further pullback closer to the opening of the day, thereby maintaining the uptrend in the American dollar, but was limited by the formation of lateral dynamics. The American dollar is actually limited by correction after growth, maintaining an upward trend. Support levels: 98.00 and 97.90, resistance: 98.20 and 98.30.

Fig. The US dollar index chart. The current price is 98.10 (10-year US government bonds yield is the blue line)

Read also: “Price Levels – A Technical Analysis Tool”

Andre Green

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