Friday, October 16, 2026

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USD/BRL edges lower, profit taking lift for BRL may be shortlived

USD/BRL slips as traders exit USD longs Profit taking lift for the BRL may be shortlived, low growth/inflation woes remain USD/BRL probes 10-DMA support by 3.1968, 10-DMA has trailed higher since Jan USD rally Sub 10-DMA…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • USD/BRL slips as traders exit USD longs

  • Profit taking lift for the BRL may be shortlived, low growth/inflation woes remain

  • USD/BRL probes 10-DMA support by 3.1968, 10-DMA has trailed higher since Jan USD rally

  • Sub 10-DMA Minor Fib support at 3.1329, then light support to 2.8409

  • Least resistance ahead as inflation, low growth, drought, PBR & Fed hikes loom

  • Above 3.3630 pair eyes 3.5820 Mar '03 high

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