BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

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TECHS: Price Signal Summary: USDBRL Is Back At The 50-Day EMA

LATAM FX
  • USDMXN price activity remains within its recent range. The outlook is unchanged and bearish. Attention remains 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 pulling away from recent highs. The pair has recently breached the 50-day EMA however the PAIR has failed to hold onto recent highs and is once again testing the 50-day EMA. The average intersects at 5.1056 today. A clear break back below it would highlight a bearish theme and expose 5.00 and the Jun 25 low of 4.8934. A break of 5.3130, Jul 8 high would resume bullish pressure instead.
  • The USDCLP outlook remains bullish. Attention is on the key resistance and bull trigger at 757.60, Jun 22 high - this level was probed on Jul 8. A clear break would confirm a resumption of the recovery that started May 10 and open 769.99, Nov 30, 2020 high. Key support is at 722.25, Jun 30 low. Initial support is at $738.97, the 20-day EMA.
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