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USD/BRL rises on weak Brazilian confidence

Wednesday, February 25, 2015 1:28 PM UTC

Source: Thomson Reuters

USD/BRL rises in early NY trade on weak Brazil Feb consumer confidence
Chronic inflation/weak BRL likely speeds up pace of hikes
USD/BRL support at 2.82 23.6% Fib of 2.5489-2.9037 range, 2.7840 21-DMA
Resistance at 2.8593 Wed high/Tenkan area, 2.9037 Feb 23 high, 2.9420 Sep '04 high

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USD/BRL rises on weak Brazilian confidence

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