State of the market

The US dollar is losing ground in the course of Thursday trading, despite the fact that the US adopted a tax reform that should have a positive impact on the economy of the country. Investors assess the pros and cons of tax reform and are not in a hurry to buy the US dollar by the end of the year.

Commodity currencies remain positive against the US dollar, despite a slight decline in oil prices in the first half of trading, as an upward trend in the oil market is still maintained.

Technical analysis: The AUD/USD pair maintains an uptrend in the short term, which will allow the Australian dollar to finish the month with growth against the US dollar. The main resistance levels are 0.7800; 0.7835. Support levels are 0.7725; 0.7700.

Fig. AUD/USD. The current price is $ 0.7765.

Alexander Sivtsov