Analysis of the past day

On Thursday, the day the US dollar strengthened against most major competitors. The main strengthening of the American dollar was traced against the euro and the British pound. The driver for the general growth of the US dollar was the weak data on business activity in the eurozone, which became the driver for the correction of positions on the eve of Easter holidays. Additional support for American dollar was provided by the optimistic data for the United States.

Stock exchanges were traded throughout the day in different directions, staying close to the opening level. This was also caused by the short work week (Nikkei 225-0.84; DAX +0.40; FTSE 100-0.10; Dow 30 +0.40).

The US dollar index has updated a week’s high on the general strengthening. As a result, he updated the maximum at 97.40 and turned out to be significantly overbought. With the opening of the new working week, we should expect the formation of a correction for the dollar. Support levels: 97.20 and 97.00, resistance: 97.50 and 97.70.

Fig. The US dollar index chart. The current price is 97.40 (10-year government bonds yield is the blue line)

Hanzenko Anton