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USDBRL and USDMXN Approaching Key Technical Supports

LATAM FX

With TRY (+2.15%) leading the EM charge and the DXY coming back under pressure, BRL and MXN performing well.

  • USDBRL down 0.9% since opening. 5.2668 is the 200day MA today which has held us so far.
  • USDMXN has a cluster of lows from 16-18 November between 20.15-20.19 and a break of these levels will target the post election night low of 20.03. A break would target the following tech supports:
  • SUP: *19.85 1.382 proj of Aug 4 - Sep 18 - Sep 24 price swing
  • SUP: *19.60 1.50 proj of Aug 4 - Sep 18 - Sep 24 price swing

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