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TECHS: Price Signal Summary: USDBRL Remains Below 5.00

  • USDMXN is consolidating but continues to do so near recent lows. The pair has recently cleared all relevant retracement levels of the rally between Jun 9 - 18. Attention is on the key support at 19.5987, Jun 9 low. Price needs to get above 20.2153, Jun 24 high to ease the current bearish pressure.
  • USDBRL is also consolidating, The needle however still points south. The pair last week breached the psychological 5.00 handle. This reinforces bearish conditions and the focus is on 4.8187, Jun 8 2020 low. Near-term resistance is at 5.1386, Jun 11 high.
  • USDCLP traded in an extremely volatile manner Jun 22 and price remains below that day's high print of 757.60. This high marks the key short-term resistance. A deeper pullback would register a break of the 20-day EMA at 728.11. The 50-day EMA intersects at $721.73.

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