Published: 2026-06-04T15:57:06.000Z
Chart USD/BRL Update: Further consolidation - studies improving
1
Little change, as prices extend consolidation within the 5.0000 - 5.0815 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 5.2000 | ** | congestion | S1 | 5.0000 | ** | congestion | |
| R3 | 5.1500 | * | congestion | S2 | 4.9500 | ** | congestion | |
| R2 | 5.1170 | ** | 25 Feb (m) low | S3 | 4.9000 | ** | congestion | |
| R1 | 5.0815 | 15 May (w) high | S4 | 4.8850 | ** | 6-11 May YTD lows |
Asterisk denotes strength of level
16:50 BST - Little change, as prices extend consolidation within the 5.0000 - 5.0815 range following the test above 5.0815. Mixed daily readings are improving and broader weekly charts continue to improve, highlighting room for fresh gains in the coming sessions. However, a close above the 5.0815 weekly high of 15 May is needed to turn sentiment positive and extend May gains, initially to resistance within the 5.1170 - 5.1500 range. Meanwhile, any tests below congestion support at 5.0000 should be limited in consolidation above further congestion around 4.9500.