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USDBRL: Break beyond one of 5.01-5.62/5.64 bands essential to affirm a trending move – SocGen

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Nov 20, 2022, 05:43 am
USDBRL: Break beyond one of 5.01-5.62/5.64 bands essential to affirm a trending move - SocGen

USDBRL's bounce has stalled after retesting July peak of 5.51. Analysts at Société Générale note that the pair needs to break beyond one of the 5.01-5

Source: USDBRL: Break beyond one of 5.01-5.62/5.64 bands essential to affirm a trending move - SocGen
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