Analysis of the American Trading Session
The US session closed with the correction of the US dollar against a basket of competitors on Tuesday. The reason for the restoration of the American dollar was positive data on industrial production and job openings in the United States. Also growth of optimism in the stock markets played an important role for the recovery of the American dollar.
Technically, the US dollar index rebounded from the significant support of 94.80, which became the driver for the downtrend reversal. The dollar growth will be limited by the resistance levels of 95.20-30 and 95.50 even despite the significant slowdown of the American dollar.
The US dollar index chart. The current price is 95.20 (10-year government bonds yield is the blue line)
Read also: “Mining (production) of the crypto currency or what is the price of electronic money emission”
Andre Green
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- Trump presidency results (1/2).
- Trump presidency results (1/1).
- Trading with shares. Advantages and disadvantages.
Current Investment ideas: