State of the market: the dollar is under pressure of correction against Friday

The major currencies are traded with a strengthening against the American dollar at the opening of Monday trades. The exceptions are safe haven assets that maintain a restrained dynamic in reducing risks. The reason for the correction of the US dollar was the slowdown in the growth of stock indices in the Asia-Pacific region against the background of restrained data on China. Also it is worth noting the technical correction of the US dollar against the Friday movement.

The US dollar index with the opening of the new working week shows a decline in the correction against Friday, which was caused by technical factors and a rebound from the resistance of 96.40. Correctional movement is limited by the general uptrend and support levels: 96.20 and 96.00. Resistance is located at levels: 96.40-50 and 96.70.

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Hanzenko Anton

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