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USDBRL Close Below Key Support Opens Up Likely Test Of 5.00 Handle

BRAZIL
  • Weakness for USDBRL last week prompted a close below 5.1012, the Mar 8 low and the key support. On the downside, the 5.00 handle has proven to be good pivot point over the last year, with trendline support bolstering its significance. Below here, 4.9410, the Feb 02 low, is the next notable target.

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