Analysis of the American Trading Session

Tuesday’s US trading session closed with a moderate update of Friday high. Support for the American dollar was provided by the increased profitability of the US state bonds and the persistence of risks in Italy, which increased the pressure on the euro. Also, at the end of trading on Monday, the minimum of the current week was updated, which corrected the upward trading channel on the US dollar index.

As a result, the US currency continues to maintain an upward trend with significant support at the levels: 95.30 and 95.00. Resistance is at the levels: 95.50 and 95.70-80, the test of which is expected in the near future.

The US dollar index chart. The current price is 95.50 ( 10-year government bonds yield is the blue line)

Look also: “Analysis of cross-rates in relation to major currency pairs”

Andre Green

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

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