Bank of America Merrill Lynch FX Technical Strategy Research notes that its tactical bullish USD view has been supported as of late as several bullish USD signals continue to surface.
"We think the risk/reward still favors being long some USD, especially with the push for a favorable USD verdict before year end.
We still like EUR/USD to 1.15and now add the growing possibility of 1.1320.
AUD/USD is correcting toward its triangle breakout point in the low .7600's.
The weight of technical evidence leans for a USD/JPY rally to 115, especially as it get past a trend line at 112.66," BofAML projects.
Source: Bank of America Merrill Lynch Rates and Currencies ResearchOriginal Article
