CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Price Signal Summary - Watching Resistance In USDBRL

LATAM FX
  • USDMXN is unchanged. The pair traded sharply higher on Jan 16 and the move above the 50-day EMA - at 17.1648 currently - does suggest scope for a continuation higher near-term. This has exposed resistance at 17.5653, the Dec 5 high. Clearance of this hurdle would highlight a stronger reversal. On the downside, key support and the bear trigger, lies at 16.7852, the Jan 8 low. A break would instead resume the downtrend. Initial support to watch is the 17.00 handle.
  • {BZ} USDBRL attention is key resistance at 5.0017, the Jan 23 high. A clear break of this hurdle would cancel the recent bearish threat and instead confirm a resumption of the bull cycle and open 5.0609, 61.8% of the Oct 6 - Dec 27 bear leg. Initial key support to watch lies at 4.9025, the Jan 26 low. A break would be bearish.
  • {CL} USDCLP maintains a positive tone following the recent extension of the bull cycle that started Dec 1. The pair started this week on a firm note and traded higher Monday. The rally resulted in a break of key resistance at 955.00, the Oct 16 ‘23 high. This confirms a resumption of the medium-term uptrend and opens 962.84 next, the Oct 25 ‘22 low and a gap high on the daily chart. Clearance of this level would open 985.84, the Oct 25 ‘22 high. Initial firm support lies at 927.12, the 20-day EMA.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.