Technicals
Add as a preferred source on GoogleBofA Merrill Lynch: Further corrective weakness in US equities / risk assets could be the catalyst to break USDMXN from its 2.5 month range trade. While the range can persist for another week or two, we believe the pair …
BofA Merrill Lynch:
Further corrective weakness in US equities / risk assets could be the catalyst to break USDMXN from its 2.5 month range trade.
While the range can persist for another week or two, we believe the pair is about to breakout and resume its long term uptrend.
A sustained break of Triangle resistance (now 15.5502) confirms, targeting 16.2060.
EURUSD - Levels to watch - 1.1100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8365 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560
EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560
JPY Major Pair Currency Score: USDJPY, GBPJPY and AUDJPY Extremely Bearish
