Analysis of the American Trading Session

Trades on the US session on Friday closed with a dollar’s decline across the market. The reason for such a move was the correction of positions on the dollar at the end of the week against the backdrop of optimistic expectations, which was strengthened by a decrease in the US  state  bonds yield .

On Monday there is a movement against Friday which may serve as a correction for the dollar after the decline. In turn, the levels limiting the correction will be the marks: 96.30 and 96.50. Significant support is the marks of 96.20 and 96.00.

The US dollar index chart. The current price is 96.20 (10-year government bonds yield is a blue line)

Read also: “Trade in currency baskets”

Andre Green

Earn with the help of the trade service on the news Erste News!

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