$USDBRL Update....testing the big breakout level (---)
Would target 5.40 (+26%) and would likely be driven by China slowdown-Coronavirus
Approximately 27% of Brazilian exports go to China
Currently 90m people in lock down and Bloomberg estimates 69% of Chinese GDP shut this week
Does it re-open next week or further lock downs?
Approximately 27% of Brazilian exports go to China
Currently 90m people in lock down and Bloomberg estimates 69% of Chinese GDP shut this week
Does it re-open next week or further lock downs?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.