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USD/BRL could see gains as risk exited broadly

Tuesday, March 10, 2015 1:12 PM UTC

Source: Thomson Reuters

Broad EM currency space weak, USD/BRL trades at 3.1725 just above Jun '04 high at 3.17
BRL weighed by PBR scandal, US rate liftoff, Grexit fears
Levy sees austerity as a panacea for Brazil's econ woes
USD/BRL resistance at 3.17 Jun '04 high, 3.233 May '04 high, 3.363 Apr '03 high
Support lies at 3.1501 hourly pivot resistance (former support), 3.1166 today's low, 3.0051 daily Tenkan

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USD/BRL could see gains as risk exited broadly

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