Market is in anticipation of the amendments to the tax reform

After it became known on Thursday that the tax reform in the United States was not approved, it was sent to the Senate and Congress for discussion. This news weakened the US currency across the entire spectrum of the market. As a result, the implementation of this reform may hang for an indefinite period. According to the Congress, the tax cut was expected next year, when the Senate supports the implementation of this reform by the end of 2019.

As a result, the US dollar index remains trading near the 94.400 level, near which the trade will continue. Any hint of a speedy implementation of this reform will support the American and cause the index to rise to resistance levels: 94.700 and 95.000. Support is located at the levels: 94.200 and 93.900.

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Hanzenko Anton