State of the market: the market remains restrained

The US dollar index continues to trade near significant support 96.50-40, after the weakening of the US dollar versus the basket of major currencies on Monday on the correctional movement against Friday, indicating a potential for growth, but limited to certain sentiments regarding moods and risks. Commodity currencies are traded in different directions, and safe haven assets are restrained, indicating that there is no single mood in the market.

The US dollar index is trapped in the lateral range of Monday from 96.70-80 to 96.50-40, remaining under the pressure of correction, but maintaining the potential for growth on the slowing down of the downtrend.

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Hanzenko Anton

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