Friday, October 16, 2026

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

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, C…

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

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  • 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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By FxWirePro Team