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USD/BRL finds support at channel base bear 5.27 - Société Générale
World FX news
Breaking news
USD/BRL finds support at channel base bear 5.27 - Société Générale
New
2025.11.05 19:17
2025.11.05 19:17
2025.11.05 19:17
USD/BRL is stabilizing after testing key support levels, with technical signals suggesting scope for a short-term rebound toward 5.52, Société Générale's FX analysts note.
Higher low at 5.33 signals fading bearish momentum
"USD/BRL decline has stalled after it tested the lower limit of a descending channel near 5.27 in September. It recently carved out a higher low at 5.33, which highlights receding downward momentum."
"This is also denoted by positively diverging daily MACD. A short-term rebound towards last month peak of 5.52 is likely. Overcoming this resistance may trigger a larger up move. Defence of 5.27 will be crucial for persistence in bounce."
Last updated
: 2025.11.05
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2025.11.05 19:58
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