Currency - March 15, 2018

publication date: Mar 15, 2018

Cerundolo Investment Research    

Currency Update  

Volume 2, Issue 4
March 15, 2018

Download PDF Version here


Items of Interest:

  • The U.S. Dollar index, DXY, remains in a well defined down trend with the opposite being true for the Euro and GBP.
  • The USDJPY is trading below the MFU-2 target of 106.78 which opens risk to the 102.8 area
  • After pulling back from the MFU-2 target of 1.30, the CAD looks ready for another leg up. A weekly close above 1.30 will then target 1.33.
  • Norwegian Krone remains in a well defined downtrend.

 

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