Analysis of the past day

On Tuesday, April 17, the US dollar index during the day was traded in a highly multidirectional manner, as a result of which the European session renewed the minimum of April. But on the publication of weak data on Europe and optimistic data on real estate in the US, the American went into a correction phase, which allowed the American to significantly adjust and recover some of the lost positions yesterday.

Strengthening of the American and reducing risks also positively affected the global stock markets (Nikkei 225 +0.07 DAX +1.70, FTSE 100 + 0.50, Dow 30 +1.10).

Despite the overall risk reduction and strengthening of risky assets, further growth of the American will be difficult due to overbought and safe downtrend. As a result, from the dollar index, one can expect a slowdown in growth near resistance at 89.70-60.

Graph of the US dollar index. The current price is 89.60.

Hanzenko Anton