BRNUSD

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BRNUSD

The import tariffs implemented by Trump stand out as a significant development affecting the BRNUSD pair. The imposition of high tariffs on imports from the USA, Canada, and Mexico has caused fluctuations in the markets, while oil futures began the week with an increase. However, some of the gains were given back. Applying a lower tariff on energy imports from Canada may partially support this country's energy trade. Additionally, these tariff applications may increase inflation in the USA and cause interest rates to remain high for a longer period. The markets' response to these developments may vary, particularly depending on the trend of European and US stocks.

Technically, the BRNUSD pair is trading above the support levels of 76 - 75.5. During upward movements, resistance levels at 76.5, 77, and 77.5 should be monitored. The pair's daily percentage change was recorded as 0.04%, indicating that prices are relatively stable. While the RSI indicator shows a neutral outlook, considering the price is at the 76.215 level, no clear direction has yet been determined for market participants. In the event of potential declines, closings below 75.5 may target lower levels.

Support :

76 - 75.5 - 75

Resistance :

76.5 - 77 - 77.5