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USD/BRL near recent high by 2.92, 3.00 attracts

Tuesday, March 3, 2015 1:34 PM UTC

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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USD/BRL near recent high by 2.92, 3.00 attracts

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