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USD/BRL holds old support line ahead of the Fed

  • Real money demand for BRL ebbing today as Fed risk looms

  • USD at new highs by 3.1730 after poor Brazil retail sales 

  • USD/BRL holding old support line, BM&F 1-mth USD/BRL NDF support line sits at 3.1580

  • Today's S.P. range 3.1339/3.1632, local exporters BRL buyers

  • 3.1275 = 50% Fibo 2.9098/3.3457 drawing price action to it

  • Market Data
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