USD/BRL: A REJECTION IS EXPECTED.
Hello traders,
Welcome to this quick update on USD/BRL in a 3-hour timeframe.
The USDBRL is likely to form a bearish triple-top which might bring the price down from $4.99 to $4.85. The RSI is already at the oversold zone and it is a strong indication of a bearish move.
I am bearish on USDBRL. What is your POV on this chart? Let me know in the comments section.
Thank you
Regards,
Team Dexter.
Welcome to this quick update on USD/BRL in a 3-hour timeframe.
The USDBRL is likely to form a bearish triple-top which might bring the price down from $4.99 to $4.85. The RSI is already at the oversold zone and it is a strong indication of a bearish move.
I am bearish on USDBRL. What is your POV on this chart? Let me know in the comments section.
Thank you
Regards,
Team Dexter.
