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USD/BRL reverses early gains, finds support by 21-HMA

Thursday, June 11, 2015 6:07 PM UTC

USD/BRL reverses early gains by 3.17 high, finds support by 21-HMA (3.1250)
Resistance at 3.1712 Thurs high, then 3.2175 upper 21-d Bolli, support 21-HMA, then 21-DMA by 3.0984
BRL weak early after BCB cuts swap r/o's, CB to remain vigilant on inflation
RM tipped as USD/BRL seller, as US rates moves significantly lower

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USD/BRL reverses early gains, finds support by 21-HMA

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