Published: 2026-06-11T16:19:16.000Z
Chart USD/BRL Update: Turning away from 5.2000
1
Anticipated gains have reached congestion resistance at 5.2000
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 5.3300 | ** | 61.8% ret of Dec-May fall | S1 | 5.0815 | 15 May (w) high | ||
| R3 | 5.3000 | * | congestion | S2 | 5.0000 | ** | congestion | |
| R2 | 5.2450 | ** | 50% ret of Dec-May fall | S3 | 4.9500 | ** | congestion | |
| R1 | 5.2000 | ** | congestion | S4 | 4.9000 | ** | congestion |
Asterisk denotes strength of level
17:05 BST - Anticipated gains have reached congestion resistance at 5.2000, where unwinding overbought daily stochastics and early signs of flattening on the rising daily Tension Indicator are prompting a pullback. Focus is expected to turn to support at the 5.0815 weekly high of 15 May. But rising weekly charts should limit any tests in renewed buying interest/consolidation. A close beneath here, if seen, will give way to consolidation above congestion support at 5.0000. Following cautious/corrective trade, fresh gains are looked for. A close above 5.2000 will improve sentiment and extend May gains initially to the 5.2450 Fibonacci retracement.