State of the market: the US dollar is under the pressure

With the opening of the American session on Tuesday, the US dollar is under pressure. served a Many of internal and external factors were the reason for the sale of the American dollar .

• The internal statistics include weak statistics on durable goods orders in the United States and market concerns regarding the closure of the border between the United States and Mexico, which will cause supply disruptions and exacerbate the political situation in the United States.
• The external growth includes the rising cost of raw materials on world markets and a clear slowdown in the US-China trade talks. As a result, the US dollar remains under the pressure at the opening of trading on Wednesday.

The US dollar index previously updated a high at 97.50, from which it formed a reversal. At the start of the day, the American dollar updated at low at the level of 97.20, a significant support. With the dollar being oversold and the test of support, growth is expected to resume, and the overall upward trend in the dollar remains. Significant support settled at levels: 97.20 and 97.00, resistance: 97.40-50 and 97.70.

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Hanzenko Anton

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