- Scope for a tactical bounce in DXY into year-end - BofA
Notícias do Mercado
9 dezembro 2020
Scope for a tactical bounce in DXY into year-end - BofA
eFXdata reports that Bank of America Global Research likes to sell the USD Index (DXY).
"We think the US dollar index (DXY) is vulnerable to another technical breakdown and decline in 1H2021. We see potential for a double top pattern to form, present a bearish wave count that favors a retest of the early 2017 lows. The now declining 200wk SMA supports our view," BofA notes.
"Tactically, we can't rule out a bounce into yearend. A rounded base may form at trend line support similar to 2017, 2014, 2011 and 2008," BofA adds.
O foco de mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerAbrir Conta Demo e Página Pessoal