State of the market: market increases its interest in safe assets

After yesterday’s highly controversial trading, the market continues to maintain mixed dynamics, trading in lateral trends. An exception is some safe harbor assets that are supported on the flight from the risks caused by fears of the US trade war.

At the same time, most market drivers also remain at the opening level of the day, which indicates the uncertainty of the market. The US dollar index is squeezed near the upper boundary of the descending channel, which may indicate the possibility of a reversal, especially against the background of the figure “double bottom” formation, the working off level is located at a significant resistance of 89.80-90.

US dollar index Graph. The current price is 89.70.

Hanzenko Anton