State of the market: investors is waiting for drivers to move
At the opening of trading on Wednesday, the market remains restrained for most major currencies. The US currency is steadily strengthening against a basket of competitors for correction after yesterday’s decline. At the same time, a positive start to trading on stock indices in the Asia-Pacific region was restrained. It supported commodity currencies.
The US dollar index from the start of the day is trading with strengthening on the correction after the decline on Tuesday, forming a reversal from the support levels of 98.20-00. The movement of the US dollar index above 98.20 indicates the preservation of upward dynamics. Despite the fact that the formation of a flat is not excluded, a further decline in the American dollar below 98.20-00 will indicate a resumption of decline.
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Hanzenko Anton
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