State of the market: the American dollar remains under the pressure
Monday’s trading opened with the continued downward trend in the American dollar after the rapid decline in the US dollar on the US trading session on Friday, which was caused by general sentiment and the breaking of strong support. Dynamics is limited by American dollar’s overbought and uncertainty at the beginning of the week.
At the start of the week, the US dollar index maintains a downward dynamic, which is limited by the oversold and trading range from 96.30 to 96.00. Strong support settled at levels: 96.00 and 95.80, from which it is expected a rebound.
Read also: “The Central Bank of Canada –
the prospects for monetary policy”
Hanzenko Anton
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