USD/BRL is under pressure after failing to break July’s peak, slipping below its 50-day moving average and testing key support near 5.39/5.37, with further downside risk if the level gives way, Société Générale’s FX analysts note.
USD/BRL is under pressure after failing to break July’s peak, slipping below its 50-day moving average and testing key support near 5.39/5.37, with further downside risk if the level gives way, Société Générale’s FX analysts note.