USDBRL ST - October

USDBRL ST - October

4 October 2015, 17:15
Ildeli Santos
0
52

USD/BRL  (Swing Trade)

Bullish bias above 3800 and 3900.

Our preference:  Long positions above 3800 with targets at 4060, 4340 and 4700 in extension.

Alternative scenario:  Bellow 3800 look for futher downside with 3700 and 3500 in extension.

Comment: Santo Indicator strong and above the band. When Santo Indicator and Price do new top at the same time, we still believe in bullish movement.

 

 

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