State of the market: the US dollar keeps positive dynamics

With the opening on Friday trades, the US dollar continues to trade with a strengthening against the basket of major competitors, continuing to receive support from optimistic comments from the US Federal Reserve and positive data on US GDP growth. Stock exchanges from the start of the day are also traded with strengthening after a wave of pessimism before. The return of optimism to the market can restrainedly restrain the rising dynamics of the US currency.

The US dollar index since the beginning of the day is trading near the significant psychology of 95.00, which against the background of overbought dollar remains a significant resistance and can be a strong level for the formation of correction. Significant support is located at around 94.80-70, to which correction is possible. The resistance are marks 95.20-30.

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Hanzenko Anton

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

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