Friday, October 16, 2026

Technicals

Add as a preferred source on Google

USD/BRL off 3.17 highs to 3.10, eyes support at 3.0880

USD/BRL reverses Thurs BCB swap related rally, off 3.17 highs to 3.10 Support at 3.0880 Thurs/Fri low area, then 50-DMA by 3.06 Offer tipped by 10-DMA (3.1240), Long wicks indicate offered tone Market focused on COPOM mi…

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

Read the original article

  • USD/BRL reverses Thurs BCB swap related rally, off 3.17 highs to 3.10

  • Support at 3.0880 Thurs/Fri low area, then 50-DMA by 3.06

  • Offer tipped by 10-DMA (3.1240), Long wicks indicate offered tone

  • Market focused on COPOM minutes, inflation fight, rate hikes to continue

  • Rating agencies may be forced to cut if inflation/growth issues persist

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team