#USDBRL @ 5.24400 to inch higher gradually towards 5.38 and projections of 5.46/5.48 – SocGen
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
USD/BRL has staged a bounce after defending key support at 5.01 representing lows of last August/November. Economists at Société Générale expect the pair to trend gradually higher.
“The USD/BRL pair is expected to inch higher gradually towards 5.38 and projections of 5.46/5.48.”
“The trend line drawn since 2020 at 5.60 is a key resistance near term.”
“Only if the pair breaches graphical level at 5.01 would there be a risk of an extended down move.”
[/s2If]
Join Our Telegram Group
