
403
Sorry!!
Error! We're sorry, but the page you were
looking for doesn't exist.
USD/BRL Analysis Today - 24/09: Fast Gaps Persist (Chart)
(MENAFN- Daily Forex) The USD/BRL finished yesterday's trading back within the higher part of its near-term range, this as the currency pair continues to display a tendency to open the day's trading with large gaps.
5.5400Current Support:
5.5310High Target: 5.5710Low Target:
5.5140Want to trade our daily forex analysis and predictions ? Here are the best brokers in Brazil to check out.
- The USD/BRL closed around the 5.5377 mark yesterday. The high on Monday actually touched the 5.6000 level briefly.
- The USD/BRL closed on Friday near the 5.5084 ratio, but opened yesterday's trading with a strong gap higher.
- The low for the USD/BRL last week occurred on Thursday's opening as traders reacted to last Wednesday's Federal Funds Rate cut, but also it must be said that after the U.S central bank acted, the Brazilian Central Bank actually increased their interest rate by 0.25%.
- The momentum upwards in the USD/BRL has run into some resistance recently, but yesterday's higher rush initially should be examined to see if it happens again today.
- The 5.5150 level in the USD/BRL may be of interest as a target for sellers, but if the currency pair moves higher today this may mean financial institutions have other ideas and a higher realms in mind for the currency pair.
5.5400Current Support:
5.5310High Target: 5.5710Low Target:
5.5140Want to trade our daily forex analysis and predictions ? Here are the best brokers in Brazil to check out.

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Comments
No comment