State of the market: the market is in uncertainty
With the opening of trading on Wednesday, the dynamics of major currency pairs remain multidirectional. Thus, the US dollar maintains an upward trend against European currencies of the euro and the pound, while weakening against safe assets of the yen and gold, against which the risks could have been expected to increase, but at the same time the Australian and New Zealand dollars were traded with a strengthening.
The US dollar index continues to trade with modest growth against a basket of competitors, entrenched above the level of 96.70. In this way, he retains the potential to strengthen, despite the uncertainty and signs of overbought. Support levels: 97.70 and 97.60, resistances: 96.90 and 97.00.
Read also: “Sanctions against Iran, their aggravation
and impact on the world market”
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- OPEC + Market expects continuation of agreement to limit production
- G20 Summit – what to expect and to beware of
- Prospects for the USD/JPY for early July
Current Investment ideas: