State of the market : the market maintains an ambiguous dynamics
At the start of the day, the Reserve Bank of Australia meeting minutes were published, which actually had no effect on the market. Despite the fact that the text of the protocol was marked by uncertainty about the economic prospects of Australia, the Australian dollar reacted very restrained, remaining at the level of the opening of the day.
The main driver of trading from the beginning of the day are stock indices of the Asia-Pacific region, which are traded with a decrease. The growth of pessimism at the start of the day, which was also contributed to by the concerns of the RBA, has increased the demand for safe assets. The pessimism of the Asian session will probably be limited to one trading session, which will return buyers to risky assets.
From the start of the day, the US dollar index has maintained a downward trend and is trading near the support of 96.40, indicating a potential for a decline, despite oversoldness. Significant support settled at levels: 96.20 and 96.00, resistance: 96.50 and 96.70.
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Hanzenko Anton
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