7640872 7/12/2017 5:18 PM, USD/BRL Mini Future? (Aug 17 - BM&FBOVESPA;) intraday: rebound


3255.5 is our pivot point.


Our preference

: rebound.


Alternative scenario

: the downside breakout of 3255.5 would call for 3243.5 and 3236.


Comment

: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair stands below its 20 and 50 MAs (respectively at 3267.5 and 3278.6).


Supports and resistances

:

3305.0 **

3298.0 *

3290.5 **

3283.5

3266.3 last

3260.0

3255.5 **

3243.5 *

3236.0 **