BRNUSD
The BRNUSD pair experienced a limited pullback during the Asian session amid expectations of more stimulus measures from China and increased demand for heating oil due to the approaching cold weather conditions in Europe and the US; however, it generally maintained its upward outlook. The demand increase, confirmed by declining inventories, provides support to oil prices, while the intraday performance of the European and US stock markets can also be closely monitored. Movements in the dollar index and US employment data are among the factors that could create volatility in the markets.
From a technical perspective, the BRNUSD pair is trading just below the 76.00 level on the daily chart. As long as the pair maintains the 75.50 - 76.00 support zone, upward movements may be possible. In the continuation of the rise, resistance levels of 76.5, 77.00, and 77.50 can be observed. In the event of potential pullbacks, if the 75.50 support is broken downward, levels of 75.20 and 74.65 may come into focus. The RSI indicator is at the 48 level, displaying a neutral trend, and a daily decrease of 0.37% is observed.
Support :
Resistance :