USD Bears Vulnerable To A Squeeze; Prepare To Go Long USD/JPY - BofA Merrill

Technicals suggest that across many USD currency pairs, the recent dollar decline is reaching bearish sentiment and momentum extremes that warn of a potential bounce and squeeze higher, says Bank of America Merrill Lynch. In USD/CAD for example, the "break of 0.9728, 2wk trendline resistance, ... FF News: Technical

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