Analysis of the American session

The US trading session on Thursday closed with the retention of a restrained dynamic that persisted throughout the day. The G20 Summit was the reason for the restraint of the American dollar and the market in general. While waiting for the summit, most investors chose to take a waiting position due to the possibility of advancing the US – China trade talks.

At the close of trading on Thursday and modest Wednesday trading on the US dollar index formed a slowdown in the upward trend. In the face of declining activity on uncertainty, this may indicate a resumption of downward sentiment on the American dollar. Support levels are located at the levels: 96.00 and 95.80, resistance: 96.30 and 96.50.

Fig. U.S. dollar. The current price is 96.10 (10-year US government bonds yield is the 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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