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Analysis of the American session
Trading on the US trading session on Friday closed with a total sale of the American dollar. The driver of what was the correction of positions at the end of the week on the preservation of pessimistic moods due to the US Federal Reserve policy and breaking through key support. Thus, fixing the US dollar index below 96.50 will indicate a resumption of the downtrend.
The US dollar index updated the March low and confirmed the oversoldness of the American dollar, limiting itself to support levels: 96.00 and 95.80. A rebound from these levels will indicate the formation of a correction against Friday. American dollar’s growth will be limited by resistance levels: 96.30 and 96.50.
Fig. The US dollar index chart. The current price is 97.20 (10-year US government bonds yield is the blue line)
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Andre Green
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