Speculators will now need to look at six-month charts to try and contemplate the potential direction of the USD/BRL.
Upon opening yesterday after the long Christmas weekend, the USD/BRL continued to track downward. The currency pair closed Tuesday’s trading near the 4.8130 depth, after touching a low around the 4.8475 value. Intriguingly yesterday’s open started...
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BRLUSD 1D TF
BRLUSD is looking weak and is lokking as if it will test the lower support!
A short can be taken with a small SL with TGT at the lower trendline
The RSI is also showing a divergence thus we can expect a bearish view
RR-3.5
Possible pips-0.0162
