State of the market: the American dollar is adjusting
With the opening of the tori on Tuesday, market sentiment was set by data for the Asia-Pacific region. So, at the start of the day, employment data in New Zealand, expenses in Japan and the RBA meeting results were published, which to one degree or another had an impact on national currencies. Of particular note is an employment data in New Zealand, which significantly exceeded all expectations, indicating an increase in employment and a decrease in unemployment to historic lows.
Despite the positive statistics, the main driver of the market remains the recovery of the US dollar after the decline. After a rapid decline, he moved to a correction from the support level of 97.30-20. Despite attempts to restore the US dollar, its growth will be limited by political and trade risks. Support levels are located at: 97.50 and 97.30, resistance: 97.80 and 98.00.
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Hanzenko Anton
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