State of the Market: the market remains in a sideways trend

Trades on Friday are at the closing level of Thursday, which is connected with the uncertainty of the market after yesterday’s trading. The US dollar index is clamped in the trading range from 93.40 to 93.60, remaining limited to medium high – 93.60. The main driver of dollar growth in recent weeks is state bonds also remain near the annual highs, but have already gone to the background as the main driver of the growth of the US dollar.

The US dollar index against the basket of major currencies continues to maintain an upward trend, while forming a slowdown in the existing trend. So, in addition to the existing trading range, the US dollar index is limited to resistance levels: 93.60 and 93.80, support: 93.20 and 93.00.

Hanzenko Anton