Published: 2025-11-04T17:28:20.000Z
Chart USD/BRL Update: Range extension - limited scope above 5.4000
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The anticipated fall towards congestion support at 5.3000 has bounced from 5.3350
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 5.5275 | * | 13 Oct (w) high | S1 | 5.3350 | * | 29 Oct (w) low | |
| R3 | 5.5000 | ** | congestion | S2 | 5.3000 | * | congestion | |
| R2 | 5.4500 | * | break level | S3 | 5.2700 | ** | 18 Sep YTD low | |
| R1 | 5.4000 | * | congestion | S4 | 5.2160 | June 2024 low |
Asterisk denotes strength of level
17:10 GMT - The anticipated fall towards congestion support at 5.3000 has bounced from 5.3350, as oversold daily stochastics unwind, with prices currently consolidating the test of congestion resistance at 5.4000. The bearish daily Tension Indicator is also flattening, suggesting potential for a test above here. But mixed weekly charts are expected to limit scope in renewed selling interest/consolidation beneath the 5.4500 break level. Meanwhile, a close below the 5.3350 weekly low of 29 October would add weight to sentiment and extend mid-October losses initially towards congestion around 5.3000.