State of the market: the dollar found a support

The US dollar index at the start of the day continues to bargain in the correction phase on a break from the support level of 94.50 and data on the growth of consumer confidence in the US. Stock indexes of the Asian-Pacific region are traded mostly below zero, which is due to correction after growth. Decrease in optimism in the stock markets can also support the US dollar.

The US dollar index is traded in the correction phase, limited to resistance levels: 94.80 and 95.00. At the same time, the main resistance is located at the levels: 95.00 and 95.20-30, the test of which will indicate a slowdown in decline. Supported by the marks: 94.50 and 94.30.

Read also: “India – poverty or one of the fastest growing economies in the world”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Stock indices of America: Canada, Mexico and Brazil
2. Trade balance influence on the country’s economy
3. Stock indices : Asia-Pacific region

Current Investment ideas:

1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!