USD/CAD bullish target at 1.2835 – BAML

FXStreet (Barcelona) - MacNeil Curry, CFA, CMT, Technical Strategist at BofA-Merrill Lynch, sees USD/CAD resuming its uptrend, and expects a break above 1.2352/1.2406 to confirm the bullish stance.

Key Quotes

“The impulsive rebound from the confluence of support between 1.2027/1.1917 says the uptrend is trying to resume. A move above the 1.2352/1.2406 confirms a return to trend, targeting 1.2835 ahead of 1.3465.“