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USD/BRL remins elevated on continued inflation & growth worries in Brazil

Monday, March 16, 2015 12:48 PM UTC

Source: Thomson Reuters

USD/BRL edges off Friday's high, by 3.28, remains elevated +14% month-to-date
Brazil CB poll sees inflation/growth troublesome more hikes likely in '15
Economy account misses forecast, Govt not likely to prop up BRL
USD/BRL resistance at 3.28 Fri's high, 3.3630 Apr '03 high, 3.4335 76.4% Fib
Support lies at 3.2308 daily pivot, 3.2058 lower 21-h Bolli, 3.1052 10-DMA

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USD/BRL remins elevated on continued inflation & growth worries in Brazil

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