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Posted by Tango
on October 1, 2019, 11:04 am
We’re seeing liquidation once again. My guess is that commercials are selling between 101.00 and 102.00 and other longs are more eager. Note the forward activity which could be origin. This kind of activity is constricting the range and essentially crippling the market. There is good support below 100.00 but the pressure has been intense all morning. Possibly stops are residing somewhere below the even level. USDBRL is 4.171 +0.0159 (+0.38%) and USDCOP is 3,492.0601 +15.31 (+0.44%).