State of the Market: the market stabilizes after Friday data on employment in the US

The trades are restrained during the Asian session across the spectrum of the market after the growth of the US dollar on Friday due to the positive data on employment in the US. At the same time, the US dollar index was able to update the maximum of February, but it was not possible to develop a full-scale correction.

The market is still skeptical about the US currency. The index of the US dollar maintains a sideways trend, confining itself to resistance levels of 89.20 and 89.40. This can ultimately indicate the possibility of further decline after the repulsion from the given resistance levels.

Graph of the US dollar index. The current price is 89.00.

Hanzenko Anton