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USD/BRL holds old support line ahead of the Fed

Tuesday, June 16, 2015 12:51 PM UTC

Real money demand for BRL ebbing today as Fed risk looms
USD at new highs by 3.1730 after poor Brazil retail sales
USD/BRL holding old support line, BM&F 1-mth USD/BRL NDF support line sits at 3.1580
Today's S.P. range 3.1339/3.1632, local exporters BRL buyers
3.1275 = 50% Fibo 2.9098/3.3457 drawing price action to it

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USD/BRL holds old support line ahead of the Fed

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