Analysis of the American Trading Session
Trading on the American session on Thursday closed with a strengthening of the US dollar against a basket of major competitors. The reason for the strengthening of the American dollar at the end of the day was the correction after reducing and maintaining the lateral dynamics of the market. Also, the American dollar were supported by the weakening of stock indices and the growth of the US state bonds profitability.
Trades at the American session closed near two-day highs, indicating the preservation of lateral dynamics. The overall restraint of the US currency continues to respond to the downward trend, in which the dollar has been trading from the start of the week. The lateral trend for the American dollar is limited from 96.70 to 96.40.
The US dollar index chart. The current price is 96.50 (10-year government bonds yield is the blue line)
Read also: “Trend and the advantages of its understanding”
Andre Green
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