FXMarketAlerts Team
FXMarketAlerts
Published at 13:27 (GMT) 28 Apr
13::25 GMT - USD/BRL moves a step closer to the 100-day MA at 2.873. 14-day RSI has dipped under 30 now, so very o/s. This does not necessarily mean that a bottom is in, but as noted earlier we now prefer to be more careful with the bear view as the 100-day MA nears. A test could still occur soon and then we must watch out for short covering and some upturn action. R.Z
R5: 3.128 * 13 Apr high
R4: 3.091 * 24 Mar low
R3: 3.06 * 50-day MA
R2: 3 * break level
R1: 2.949 24 Apr low
S1: 2.885 intraday low
S2: 2.878 projection
S3: 2.873 * 100-day MA
S4: 2.73 break level
S5: 2.637 ** 200-day MA
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