Analysis of the past day

Friday trades closed the general growth of the US dollar against a basket of competitors, due to technical factors and the strengthening of stock indices on Wall Street. Trades on major currency pairs are very mixed, because of an ambiguous moods and correction of positions before the weekend.

Stock indices were trading very positively at the end of the day, which was caused by the positive dynamics of raw materials at the start of the day and the persistence of optimism on the absence of negative data and signs of global economic recovery (Nikkei 225 +1.29 DAX +2.20; FTSE 100 +1.80; Dow 30 + 0,70).

The US dollar index closes the week in positive territory, breaking through the resistance of 96.20, which has limited the growth of the dollar in recent days. It is worth noting that the strengthening of the dollar remains limited due to the preservation of political risks in the United States, but at the same time indicates the tendency of the American dollar to grow in conditions of preserving upward dynamics. Support levels are: 96.20 and 96.00, resistances are: 96.50 and 96.70.

The US dollar index chart. The current price is 96.30 (10-year government bonds yield is the blue line)

Hanzenko Anton