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USD/BRL slips on Brazil retail sales miss, US data in focus

Tuesday, April 14, 2015 12:28 PM UTC

Source: Thomson Reuters

USD/BRL egdes lower from NorAm open after Brazil retail sales miss forecast
Economy weakness no surprise as BCB polls forecast -1.01% GDP growth in '15
USD/BRL daily pivot resistance at 3.1408, 21-DMA 3.1601, 3.1861 61.8% Fib
Support lies at 3.1071 today's low, 3.0815 daily pivot, 3.0331 lwr 21-d Bolli
Market focus on US retail sales for hint at US liftoff, good numbers USD positive

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USD/BRL slips on Brazil retail sales miss, US data in focus

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