BRLUSD: Technical bottom spotted
Updated
I think this can be the bottom of the recent pullback in the Brazilian Real. I'm long BBRL as an oil proxy here, shorting 
USDBRL with a tight stop at 3.3415.
The political crisis might be averted, and the currency can soar, specially with the extreme negative sentiment currently affecting it.
Best of luck to our brazilian friends, and to anyone taking the trade.
Ivan Labrie.
USDBRL with a tight stop at 3.3415.The political crisis might be averted, and the currency can soar, specially with the extreme negative sentiment currently affecting it.
Best of luck to our brazilian friends, and to anyone taking the trade.
Ivan Labrie.
Comment
Strong move in the real, as the market sees relief from the political crisis.Comment
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