State of the market: the market retains uncertainty at risks
With the opening of trading on Thursday, the main currency pairs are traded in different directions. The main movement is aimed at correction against the growth of the American dollar. At the same time, commodity currencies of the Asia-Pacific region are restrainedly restored after yesterday’s collapse and the Japanese yen on negative sentiment on the stock markets. The reason for the growth of pessimism at the start of the day was the decline in China’s stock indices, which is associated with the course of the US – China trade negotiations.
The index of the US dollar at the start of the day declined on the correction after growth and is trading near the lower boundary of the upward channel, limited to the level of support 96.80-70. General upward trend in the American dollar remains, but is limited by the psychological resistance of 97.00. More significant resistance settled at 97.20.
Read also: “Elliott Waves: Zigzag and Plane”
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- Prospects for the euro based on the ECB policy
- Brexit vote results
- Prospects for Boeing shares after the planes crash
Current Investment ideas: