Analysis of the American Trading Session
The American session of Thursday was closed by the growth of the US dollar across the whole market spectrum , which was caused by the comments of the representative of the Fed, which confirmed at least one increase in the rates of the US Federal Reserve this year. This statement served as a catalyst for strengthening the American dollar throughout the market.
So, the dollar index managed to overcome the downward dynamics and test the resistance level at 95.60. On Friday, the current upward trend accelerated, thanks to fundamental factors. The upward dynamics of the dollar index is at the same time limited by overbought and resistance levels: 96.00 and 96.50
The US dollar index chart. The current price is 96.00 (10-year government bonds yield is a blue line)
Read also “Martingale and the application of its strategy on cross-rates”
Andre Green
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