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19 May 2015
USD Index set to resume its bull trend – BAML
FXStreet (Barcelona) - MacNeil Curry, CFA, CMT, Technical Strategist at BofA-Merrill Lynch, views that USD Index looks likely to resume its bull trend towards 106.00.
Key Quotes
“The US $ Index looks to be in the final stages of its multi-month correction. Into 92.43, we look for basing and a resumption of its long-term uptrend toward 106.00. Bulls need a break of 95.51 to say that the correction is done and the bull trend has resumed.”
Key Quotes
“The US $ Index looks to be in the final stages of its multi-month correction. Into 92.43, we look for basing and a resumption of its long-term uptrend toward 106.00. Bulls need a break of 95.51 to say that the correction is done and the bull trend has resumed.”