(The Technical Analyst) A potential double top in US yields is forming, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
Looking at a Chart of US 10 year interest rates, Sycamore says a potential double top is forming at 3.25% and that this level is crucial. A closing break above this level would open the way for the uptrend to extend towards 3.50%.
3.25% is key for US 10 Year
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