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BRL Extends Gains As Headlines Suggest Bolsonaro Will Speak Later Today

BRAZIL
  • BRAZIL PRESIDENT BOLSONARO TO SPEAK LATER ON MONDAY AFTER ELECTION DEFEAT, SAYS HEAD OF THE PROGRESSIVES PARTY - Reuters News
  • USDBRL extending through the lows of the day in recent trade and now below 5.20. The pair remains above touted support at 5.1121, the Oct 4 low. A break below here would highlight a bearish technical development.

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  • BRAZIL PRESIDENT BOLSONARO TO SPEAK LATER ON MONDAY AFTER ELECTION DEFEAT, SAYS HEAD OF THE PROGRESSIVES PARTY - Reuters News
  • USDBRL extending through the lows of the day in recent trade and now below 5.20. The pair remains above touted support at 5.1121, the Oct 4 low. A break below here would highlight a bearish technical development.