BRLUSD might be soon seing new ATL levels

Short

BRAZILIAN REAL / U.S. DOLLAR (FX_IDC:BRLUSD)

Updated

FX_IDC:BRLUSD BRAZILIAN REAL / U.S. DOLLAR

trendanalysis brlusd brl usd forex fx

BRLUSD is sitting in a really iffy spot right now and we may see new ATL's soon. If "Support 1" is not holding it is a clear short position for me with a first target at $.1730. If the red box is not finding support BRLUSD will see new ATL levels - what I would be aiming for with this trade.

Comment:

Oh, look at that - BRLUSD bouncing off strong from the Support.

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