(istock.com/primeimages)
THE Brazilian royal closed the third week followed by appreciation against the dollar (USDBRL), maintaining the trend of falling US currency in relation to the local currency.
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According to a technical report released by the BTG Pactualalthough the short and medium term trend of the dollar continues to point down, the risk/return ratio of positions sold It worsened, which requires greater caution from investors.
For analysts Lucas Costa and GABRIELA SPORCHthe price of the dollar has reached a relevant technical point that had been monitored since April.
The expectation now is some defense (ie, resistance zone) in the region between R $ 5.40 and R $ 5.45 – Track considered an important support – a movement that does not misrepresent the downward trend.
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Even lower levels
In the weekly chart, the reversal movement for high started in April last year, after breaking the low trend line formed since 2022, seems to have lost strength.
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Analysts observe the beginning of a possible reversal of the long -term trend of high to low.
According to them, the price confirmed a lower top than the previous one in the region of R $ 6,00.
However, the breaking of the current support range can trigger a technical reversal figure with objectives in R $ 5.10 and R $ 4.90.
Although this most pronounced low scenario Do not be the main hypothesis worked To date, BTG maintains alert monitoring of weekly graphics to track this possible movement.
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US dollar index
In the global scenario, the US dollar index (dxy), which measures the strength of the currency against a basket of foreign currencies, also signals salesman pressure, according to BTG.
The index ended the last week with a drop of 1.54%, and the short and medium -term trend is low.
According to the analysis, after weeks of consolidation, the main support in 97,500 was broken, making room for new fall legs towards the regions of 95,000 and 94,100.
Source: Moneytimes
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