TAG: USD/BRL
USD/BRL Analysis: After Big Highs a Welcomed Return to Known Realms
The USD/BRL was able to begin yesterday with another dose of selling which has brought the currency pair back to within trading ranges which speculators may find attractive.The USD/BRL closed yesterday’s trading near the 5.4065 mark, and Monday’s low was...
1 month ago
USD/BRL Analysis: Slight Move Lower But Concerns Remain Very Evident
The USD/BRL has achieved downwards momentum since touching a high of nearly 5.5970 on Thursday of last week, but yesterday’s trading once again started to demonstrate support abounds.The USD/BRL pair closed Monday’s trading near the 5.4960 ratio. A low ar...
1 month ago
USD/BRL Analysis: Choppy Results as Highs Continue to be Demonstrated
The USD/BRL remains within the higher part of near, mid and long-term price ranges technically as questions regarding fiscal policy and political clashes flourish within Brazil.The USD/BRL closed near the 5.6490 ratio yesterday, essentially turning in a s...
1 month ago
USD/BRL Analysis: Higher Prices Establishing Support and Resistance
Currency traders of the USD/BRL who have adjusted to the higher prices may be starting to feel acclimated to the technical realm that are being offered to wager upon.The USD/BRL closed yesterday’s trading near the 5.5833 mark.A low on Friday was seen with...
1 month ago
USD/BRL Analysis: Correlations and Overreactions as Volatility Looms
The USD/BRL has been able to demonstrate selling momentum since last Thursday.This comes as a welcome relief to citizens in Brazil who have watched their national currency lose value steadily since the middle of January 2024.The selling pressure in the US...
4 weeks ago