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Stay Bullish USD/CAD

BofA Merrill Lynch notes in a report on Wednesday: We remain bullish USD/CAD for 1.3035 and eventually beyond. Pullbacks should be limited to 1.2566 (pivot since Mar-02 and old Triangle resistance, now support). It would…

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BofA Merrill Lynch notes in a report on Wednesday: 

  • We remain bullish USD/CAD for 1.3035 and eventually beyond. 

  • Pullbacks should be limited to 1.2566 (pivot since Mar-02 and old Triangle resistance, now support). 

  • It would take a break of 1.2455 to invalidate the bullish breakout.

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