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USD/BRL drifts to 11-yr high by 2.9420

Source: Thomson Reuters USD/BRL eyes 11-year high by 2.9420, weak local data US rate outlook lifts USD Mid-month inflation, C/A & FDI data due Tues, all likely weaker than previous USD/BRL resistance at 2.9420 Sep '04 hi…

By Jay L. Zagorsky
1 min read
USD/BRL drifts to 11-yr high by 2.9420
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Source: Thomson Reuters


  • USD/BRL eyes 11-year high by 2.9420, weak local data US rate outlook lifts USD

  • Mid-month inflation, C/A & FDI data due Tues, all likely weaker than previous

  • USD/BRL resistance at 2.9420 Sep '04 high, 3.00 big figure, 3.0750 Aug '04/ 61.8% Fib

  • Support at 2.8593 daily Tenkan line, 2.8148 Feb 13 low

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