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USD/BRL near recent high by 2.92, 3.00 attracts

Source: Thomson Reuters USD/BRL probes recent highs by 2.92, may see BCB rethink rollout reduction Weak BRL, higher US rates weigh as well, BCB likely to hike 50bps Wed, hinders recovery USD/BRL resistance at 2.9204 Feb …

By Jay L. Zagorsky
1 min read
USD/BRL near recent high by 2.92, 3.00 attracts
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Source: Thomson Reuters


  • USD/BRL probes recent highs by 2.92, may see BCB rethink rollout reduction

  • Weak BRL, higher US rates weigh as well, BCB likely to hike 50bps Wed, hinders recovery

  • USD/BRL resistance at 2.9204 Feb 27 high, 2.9420 Sep '04 mosly high

  • Above 2.9420, 3.077 Aug '04 high  & 3.233 May '04 highs attract

  • Support at 2.8750 Tenkan line/ hourly pivot area

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