fulowa
further crude declines likely. which favors usdnok advances.
I expect FOMC statement to be interpreted as hawkish by market.
upside favored. very volatile atm. corr with oil almost at -1.
Crude faces major resistance at 33.10. Good entry for short there.
Based on the likely incoming crude bounce, this looks like a attractive setup. Medium-term outlook still bullish for USDBRL.
This pair is just too overbought. Short-term correction favored. Odds are that China data tomorrow will be "good" - by engineering. General sentiment is overly bearish atm.
Good chance - next Thursday - Draghi will want to correct the mistake he made in December. More QE, more neg. deposit rate.
Correction off of support line likely. Medium-term outlook remains bearish however.
Outlook still bearish, but technical bounce possible