Friday, October 16, 2026

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USD/BRL flirts with 61.8% Fib resistance by 3.1600

USD/BRL ratchets higher in early NY, as BCB removes some BRL support, daily swaps cut to 6300 from 7000 contracts Pair blasts above 10-DMA (3.1380) resistance, flirts with 61.8% Fib res by 3.1600 Upper 21-d Bolli at 3.22…

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

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  • USD/BRL ratchets higher in early NY, as BCB removes some BRL support, daily swaps cut to 6300 from 7000 contracts

  • Pair blasts above 10-DMA (3.1380) resistance, flirts with 61.8% Fib res by 3.1600

  • Upper 21-d Bolli at 3.2217 caps, Support at daily Tenkan at 3.1357

  • Persistent inflation likely yields extended hawkish cycle, a drain on growth

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By FxWirePro Team