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BofA: Four spots to consider selling US dollar rallies
Bank of America (BofA) analysts are suggesting that traders consider selling USD rallies, particularly against the Canadian Dollar (CAD), Japanese Yen (JPY), Israeli Shekel (ILS), and Indian Rupee (INR). The team identifies specific technical indicators that suggest a USD correction could be imminent.Key Points:General Outlook: BofA analysts suggest that Tuesday’s USD high point may serve as resistance and an ideal point to sell USD rallies, especially when considering four currency pairs.1. USD...
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Posted: Sep 1 2023, 15:20
Author Name: forexlive
Views: 111692