International Trading

Forex − Chart USD/BRL Update: 1.70/69 still the goal for today before a reversal is seen

Tuesday, September 14, 2010 , Posted by Usman Ali Minhas at 8:32 AM

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Published at 14:20 (GMT) 14 Sep
USDBRL
10:20 EDT - USD/BRL price action is a little slower today compared to Mon, but there is still time remaining in the day for a run at the next key support coming in at 1.70/69. The recent high at 1.723 will likely do a good job at keeping the mkt capped into Wed. R.Z
R5: 1.743 * range break level 
R4: 1.736 * 01 Sep low 
R3: 1.733 08 Sep high 
R2: 1.73 intraday level 
R1: 1.723 10 Sep high 
S1: 1.707 hourly low 
S2: 1.706 projection 
S3: 1.702 projection 
S4: 1.7 * Oct '09 low 
S5: 1.69 * Sep '08 low

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