Published: 2026-07-10T16:47:54.000Z
Chart USD/BRL Update: Leaning lower
2
Consolidation is giving way to a drift lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 5.3300 | ** | 61.8% ret of Dec-May fall | S1 | 5.1000 | * | break level | |
| R3 | 5.3000 | * | congestion | S2 | 5.0265 | * | 15 Jun (w) low | |
| R2 | 5.2450 | ** | 50% ret of Dec-May fall | S3 | 5.0000 | ** | congestion | |
| R1 | 5.2000 | ** | congestion | S4 | 4.9500 | ** | congestion |
Asterisk denotes strength of level
17:10 BST - Consolidation is giving way to a drift lower, with focus turning back to support at 5.1000. Daily readings are under pressure and overbought weekly stochastics are unwinding, suggesting room for a test beneath here. Focus will then turn to the 5.0265 weekly low of 15 June. But the rising weekly Tension Indicator and improving longer-term charts should limit any initial tests in consolidation. Meanwhile, resistance remains up to congestion around 5.2000 and should cap any immediate tests higher.