Analysis of the past week

The last week of June turned out to be very ambiguous for the US currency and depended largely on the mood of the market. The beginning of the week was a continuation of the sale of the American dollar, as a result, the minimum of the last weeks was updated (94.20).

The statement by the administration of the White House regarding the easing of the trade confrontation changed the mood on the market, and the dollar moved into the correction phase with the update of the high (95.50). However, the growth of optimism in the stock markets and weak US statistics returned the dollar index to the opening levels of the week.

At the end of the week, the US dollar index showed multidirectional dynamics, remaining in the expanding formation. At the same time, the further decline of the American dollar will be limited to support levels: 94.40 and 94.20.

US dollar index H4 Graph. The current price is 94.60 (the yield of 10-year government bonds is a blue line)

Hanzenko Anton