Analysis of the American Trading Session
The US session on Thursday closed with a dollar’s growth against a basket of competitors. The reason for the strengthening of the US dollar was the positive data on the real estate market in the US, which strengthened the dollar correction after the decline. Stock indices reacted with restrained movement to the recovery of the dollar, which persists in Friday trading. The limiting factor for strengthening the American dollar is the expectation of the publication of jobs report in the United States and the downward dynamics, that was formed.
The American dollar’s downtrend is limited by overbought and resistance levels of 95.70-80, which may indicate attempts to reduce to support levels: 95.30 and 95.10-00.
The US dollar index chart. The current price is 95.60 (10-year government bonds yield is the blue line)
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Andre Green
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