USDBRL - Medium Term

USDBRL - Medium Term

4 October 2015, 18:56
Ildeli Santos
0
57

USD/BRL: The downsides prevails. 

My preference: Short positions below 4000 with targets 3900 and 3800 in extension.

Alternative scenario: Above 4000 look for futher upside with 4100 and 4200 as targets.

Comment: Santo Indicator is red and below the band. It is evidence of bearish environment.

USDBRL 60M Chart