Analysis of the American Trading Session

The US session on Thursday closed with a growth in dollar index against a basket of major currencies. The reason for the strengthening of the American dollar was the expectation of the speech of US Federal Reserve Chairman Powell and the technical correction after the decline. It is also worth noting that the speech of the US Federal Reserve Chairaman was less dovish than expected, that also supported the American dollar. Under the conditions of political instability in the US, the US dollar was not able to break the downward trend.

The US dollar index closed trading on Thursday with growth, but maintained a downward dynamic, which was limited by resistance levels: 95.50 and 95.70, indicating a potential for a decrease in support breakthroughs of 95.30-20, which opens the way to significant support and lower channel limits at 95.00 and 94.80 -70.

The US dollar index chart. The current price is 95.40 (10-year government bonds yield is the blue line)

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Andre Green

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