Analysis of the American Trading Session

Friday trades on American session closed very differently, which was caused by the corrective movement after the American dollar growth across the market. The American session of Monday was more descending on correction after growth and repulse from the resistance level of 97.70. This level also made the upper boundary of the ascending channel, the repulse from which confirmed keeping the existing trading range.

Friday’s correctional movement remains at the opening of the new week, limited to the support level of 97.40. In the conditions of preservation of negative sentiment, the weakening of the US dollar will be limited by the growth of risks, which became the driver for the strengthening of the dollar on Friday.

The US dollar index chart. The current price is 97.40 (10-year government bonds yield is the blue line)

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Andre Green

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

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