State of the market

The US dollar strengthens its position in the course of trading on Monday based on the prospects for tax reform in the US. It was facilitated by the approval of the US budget plan for 2018, which laid down costs.

The US dollar index today was able to update the maximum of the week and continues to confidently move to the maximum mark of October around 94.10, which plays the role of a significant resistance level. Therefore, one should expect decline in the dollar index. The support level is considered at the level of 93.65.

Fig. Current price DXY-93,856

Alexander Sivtsov