Free Trial

Attention on 5.00 In USDBRL As Real Claws Back Thursday's Losses

BRAZIL
  • USDBRL also rose 3% from Wednesday’s low print of 4.9943 to test above 5.15. A bearish theme remains following the recent clear break of support at 5.3885, Nov 11 low that highlighted a range breakout and confirmed a resumption of the bear cycle that started Dec 21.
  • Attention is on a clear break of the 5.00 handle to open 4.8934, the Jun 25, 2021 low. On the upside, resistance is seen at 5.2209, the 20-day EMA.
  • Brazil's Bolsonaro disauthorizes vice president who condemned Russian invasion of Ukraine (Reuters)
    • Bolsonaro, speaking on a webcast to his supporters, said only he the president could speak about the crisis between Russia and Ukraine, and it was not Mourao's business.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.