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Aug 25 - 12:55 PM

USD: Maintain Bullish USD Bias In Sept/Oct, Seek Double Bottom - BofA

By eFXdata  —  Aug 25 - 10:45 AM

Bank of America Global Research discusses the USD technical outlook and maintains a bullish bias over the next 2 months.

"We continue to prefer USD and are focused now on whether bottoms will be confirmed in the daily charts of the DXY and BBDXY," BofA notes. 

"Should the DXY rally and close above 93.45 then a bottom will be confirmed and further upside expected. Similarly, if the BBDXY rallies and closes above 1155 a bottom will be confirmed," BofA adds. 

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Source:
BofA Global Research

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