BRNUSD

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BRNUSD

Following the inauguration of U.S. President Donald Trump, the announced 25% tariff on imports from Canada and Mexico created a slight recovery in oil pricing while causing depreciation in the Canadian dollar and Mexican peso. Additionally, the Trump administration's directive to halt certain funds allocated during the Biden administration could create uncertainty in the markets. The positive start in Asian markets and the decline in U.S. bond yields are partially supporting global risk appetite.

From a technical perspective, it is observed that BRNUSD is trading near the 79.5 support on a 4-hour chart. In upward movements, the resistance levels to watch are 80.5 and 81, while the RSI indicator is at 45, displaying a neutral outlook. The pair increased by 0.20% compared to the previous day. Closures at 79.50 and below may increase downward pressure, whereas maintaining above the 81 level could bring the 81.5 resistance into discussion.

Support :

79.5 - 79 - 78.5

Resistance :

80.5 - 81 - 81.5