Trial now

Put spread bought again


GBP Edges Off Early Gains


Attention turns to the ECB


Merkel Hosts Final Summer Presser

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • USDMXN is slightly higher but activity remains in a range. The outlook is bearish and attention is on key support at 19.5987, Jun 9 low where a break would strengthen a bearish case and open 19.5494, Jan 21 low. Price needs to get above 20.2153, Jun 24 high to alter the picture.
  • USDBRL is back above the 50-day EMA which comes in at 5.1656. A break of 5.3130, Jul 8 high is required to resume bullish pressure. Further weakness in the pair would highlight the bearish theme overall and expose 5.00 plus the Jun 25 low of 4.8934. This latter level is a key support.
  • The USDCLP overall outlook remains bullish and price is recovering from recent lows. Price action strengthened Thursday on the move above 757.60, Jun 22 high. A clear break would confirm a resumption of the recovery that started May 10 and open 769.99, Nov 30, 2020 high. Note the immediate bull trigger is the recent high of 759.45 on Jul 8. Key support is at 722.25, Jun 30 low. Initial support is at $741.36, the 20-day EMA.