Analysis of the past day

On Wednesday, November 15, the currency market showed mixed dynamics due to ambiguous data on the US and the publication of data on employment in the UK.

As a result, the US dollar index began the day with a continuation of the downward dynamics and renewed a minimum of four weeks. But, given the general oversold of the US currency and attempts to increase the stock indices, the current minimum of the dollar index 93.400 can be regarded as support, from which the formation of a correction is possible. Given the continued downward trend, the resistance is located at the levels: 93.900 and 94.100.

Anton Hanzenko