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Daily outlook for USD/CAD : BofA Merrill Lynch

Wednesday, March 4, 2015 5:35 PM UTC

Quotes from BofA Merrill Lynch:

- While USD/CAD has proven frustrating of late, the setup remains bullish as it is in the process of completing its 1m range trade.

- A break of 1.2610 says the uptrend is resuming, while a close above 1.2665 confirm a resumption of the bull trend for 1.3035. USD/CAD bulls should add to longs on a break of 1.2610 and again on a close above 1.2665.

- This view runs into trouble below 1.2367 and is invalidated below 1.2352.

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Daily outlook for USD/CAD : BofA Merrill Lynch

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