Analysis of the American Trading Session
The US session on Wednesday closed with a general decline in the US dollar across the market. The reason for the rapid sale of the American dollar was the statement by the representative of the White House administration, who announced the conclusion of a trade agreement between the US and China before March of this year, which, in turn, caused a sharp market reaction to the sale of the US currency. While there is no more reliable information on this, the market is gradually recovering.
As the result of Wednesday trades the US dollar index updated a low at the level of 96.05, indicating the formation of a downward trend, which will be limited by the resistance of 96.20-30. In the face of increasing volatility, the possibility of an American dollar returning to the side channel from 96.50 to 96.00 is not excluded.
The US dollar index chart. The current price is 96.20 (10-year government bonds yield is the blue line)
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Andre Green
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