Analysis of the American Trading Session
The US session on Wednesday closed slightly higher than the opening of the day for the US currency. The reason for such a limited movement of the American dollar was market restraint on geopolitical risks and the absence of significant news. As a result, on Wednesday trading at the American session took place under the pressure of correction. At the same time, this day the US dollar index managed to renew the significant resistance at 96.20, which is the main obstacle for the dollar to further movement in an uptrend.
The US dollar index is actually limited to the trading range of Wednesday from 95.90 to 96.20, the exit from which to any side is quite possible against the background of the current political situation.
The US dollar index chart. The current price is 96.10 (10-year government bonds yield is the blue line)
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Andre Green
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