The USD has reached a strong resistance once again. Besides, the USD price has gone too far from the EMA200, there we can say the USD has become 'expensive'.
To enforce my short-term bearish view, comes the divergence between the price direction and both MACD and RSI. That's a strong indication that this bullish move has exhausted its strenght during its climbing.
Let us see if gravity will have its say in this situation.
Resistance areas: R$4.30 ~ R$4.60
Support areas: R$4.00 ~ R$3.80
To enforce my short-term bearish view, comes the divergence between the price direction and both MACD and RSI. That's a strong indication that this bullish move has exhausted its strenght during its climbing.
Let us see if gravity will have its say in this situation.
Resistance areas: R$4.30 ~ R$4.60
Support areas: R$4.00 ~ R$3.80
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Related publications
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.