USD/BRL finds support at channel base bear 5.27 – Société Générale

USD/BRL is stabilizing after testing key support levels, with technical signals suggesting scope for a short-term rebound toward 5.52, Société Générale's FX analysts note.

Higher low at 5.33 signals fading bearish momentum

"USD/BRL decline has stalled after it tested the lower limit of a descending channel near 5.27 in September. It recently carved out a higher low at 5.33, which highlights receding downward momentum."

"This is also denoted by positively diverging daily MACD. A short-term rebound towards last month peak of 5.52 is likely. Overcoming this resistance may trigger a larger up move. Defence of 5.27 will be crucial for persistence in bounce."

Nov 5, 2025

AUD/USD might drop further to 0.6465 – UOB Group

Strong momentum suggests Australian Dollar (AUD) could drop further to 0.6465; the major support at 0.6445 is likely out of reach for now.

NZD/USD: The support at 0.5600 is unlikely to come under threat – UOB Group

Outsized drop appears to be overdone, but New Zealand Dollar (NZD) could test 0.5620. The next support at 0.5600 is unlikely to come under threat. In the longer run, downward pressure has increased; NZD could weaken to 0.5600 next, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.