Possible Long in USDBRL, with a good target. This is not only technical analysis, but combined with the idea that USD Index will start to increasce against other currencies that was performing well. Plus the actual strong left governemt can cause more inflation and investors-run to dollar safety.
Note
Strong support at 4.60 at the bottom of the bullish flag. Keep my target there 7+Note
Still the same idea guys, dólar kept the support. Still aiming for first target at the top of the flag at 5,97. then my next target is 6,90Note
Hey guys, still the same idea, even more now with the increase tension on middle east. For those who longed on bottom, we can hold util first target at around 6Note
Hope you guys holded your positions. Still open long, gonna take a little profit at 6 then only in 7
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.