Home GBP/USD, AUD/USD, USD/CHF: Tech Setups & Trades – BofA
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GBP/USD, AUD/USD, USD/CHF: Tech Setups & Trades – BofA

Kenny Fisher
Updated:

What is the technical bias for the U.S. dollar, specifically, GBP/USD, AUD/USD and USD/CHF?

Here is their view, courtesy of eFXdata:

Bank of America Global Research summarizes the technical setups for GBP/USD, AUD/USD, and USD/CHF.

“GBP/USD: Consider  a  short at resistance of 1.2671-1.2711;  however,  buy the breakout through this resistance pocket  for 1.30+.  

AUD/USD looks like a decent short in the +/- .70 resistance area

USD/CHF:  Sell a rally as a hedge?  It’s in a range  and has to break the low .98s to move meaningfully higher or .9590 to move lower,” BofA notes.  

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Kenny Fisher

Kenny Fisher

Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer.

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