Commentary
Add as a preferred source on GoogleBofA Merrill Lynch:We reiterate our bullish US $ view. Looking at both the US $ Index and USD/CAD, both have made impulsive breaks of key medium-term resistance levels (96.46/95.81 in DXY and 12406/1.2353 in $/CAD, respe…
BofA Merrill Lynch:
We reiterate our bullish US $ view. Looking at both the US $ Index and USD/CAD, both have made impulsive breaks of key medium-term resistance levels (96.46/95.81 in DXY and 12406/1.2353 in $/CAD, respectively), meaning that the long term uptrend is resuming.
We reiterate our upside targets for the DXY at 106.00 and 1.3465 for USD/CAD. Pullbacks should be seen as buying opportunities and limited to 95.90/94.82 and 1.2272/1.2164, respectively.
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