Published: 2026-10-22T16:08:01.000Z
Chart USD/BRL Update: Choppy trade - background under pressure
1
The anticipated minor retest higher has extended to reach 5.1000
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 5.2000 | ** | break level | S1 | 5.0000 | * | congestion | |
| R3 | 5.1500 | * | break level | S2 | 4.9450 | ** | 6 Oct (w) low | |
| R2 | 5.1000 | * | break level | S3 | 4.9000 | congestion | ||
| R1 | 5.0500 | * | break level | S4 | 4.8850 | ** | 6-11 May YTD low |
Asterisk denotes strength of level
16:45 BST - The anticipated minor retest higher has extended to reach 5.1000, where renewed selling interest has pushed prices back into consolidation within the 5.0000 - 5.0500 range. Daily readings are mixed, suggesting a cautious tone. But broader weekly and longer-term charts are under pressure, pointing to room for later losses. A close below congestion support at 5.0000 will add weight to sentiment and open up the 4.9450 weekly low of 6 October. Continuation beneath here will focus on critical support at the 4.8850 current year low from 6-11 May.
Meanwhile, any tests above 5.0500 should meet fresh selling interest beneath 5.1000.