Free Trial
USDCAD TECHS

Key Support Remains Exposed

AUDUSD TECHS

Pullback Extends, But Still Looks Corrective in Nature

US TSYS

FED Remains in Play Post-NFP/ISM Data

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Price Signal Summary - USDBRL Resistance Remains Exposed

LATAM FX
  • The USDMXN outlook remains bearish. The pair has found some support today, however, it continues to trade closer to recent lows. Moving average studies highlight a downtrend. A continuation lower would expose the next key short-term support at 19.7533, Sep 12 low. Clearance of this level would strengthen bearish conditions and pave the way for a move towards 19.6185, the Jun 10 low. On the upside, a strong reversal higher would instead refocus attention on 20.5804, the Sep 28 high. Initial resistance to watch is 20.1759, the Oct 19 high.
  • USDBRL is trading closer to its recent highs. The outlook is bullish and attention is on resistance at 5.4286, the Sep 29 high. Clearance of this level would expose 5.5142, the Jul 21 high and a key resistance. On the downside, key short-term support is unchanged at 5.1121, the Oct 4 low. A break lower would instead highlight a bearish threat. First support is at 5.2418, the 50-day EMA.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.