January 22, 2025 14:49 GMT
BRL: Real Extends Session Gains to 1.3%, USD/BRL Below 50-Day EMA
BRL
The Brazilian real extends session gains, up over 1.2% against the greenback at typing to bring this week’s gains to around 2% so far. Note too that USD/BRL is trading below the 50-day EMA for the first time since October. A clear breach would signal scope for a deeper retracement towards 5.8675, the Dec 12 low.
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