FernandoHilario

US Dollar overcomes first projected resistance

Long
FX_IDC:USDBRL   U.S. Dollar / Brazilian Real
The US Dollar has reached and overcome the first projected resistence around R$5.30.

It seems like its going to keep rising till the region of R$6.00, where it is going to retract to R$5.30 tops.

On the other hand if this recent overcoming fails, the US Dollar may retreat back to the next support around R$4.80.

What do you think?
Does it make sense for you?
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