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fxJun 12, 2026, 11:19 AM

USD/BRL Faces Downside Risk, SocGen Says

Societe Generale analysts note USD/BRL rebounding from near 4.88, approaching key resistance around 5.25. They highlight downside risk if support near 4.99 fails.

USDBRL

Societe Generale analysts report that USD/BRL has rebounded from an interim low near 4.88 and is approaching the 200-day moving average and a descending trend line around 5.25. They emphasize the need to see if a base and trend reversal can form.

Resistance is noted at 5.32/5.34. Downside risk is present if the pair fails to hold support near 4.99.

Source: FXStreet Forex News