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U.S. Dollar / Brazilian Real

USDBRL should soon see a correction before last leg up

By SkylinePro
Updated
USDBRL seems to be in final stages of subminuette wave iii up. After it ends we should see a correction around 5.67 and then a final leg up that should reach the most probable target of 5.95-6.00. FOLLOW SKYLINEPRO TO GETUPDATES.
Trade active
USDBRL retraced as forecasted near the target at 5.71 and is developing minor fifth wave up in direction to the posted target at 5.95 to 6.00 range. This should conclude intermediate 3.
Trade closed: target reached
USDBRL reached the forecasted target and it is now trending down, as predicted, in an ABC pattern that should complete intermediate wave 4. See the updated post of today.
brasilbrazilbrazilianrealCurrenciescurrencyfxrealTrend AnalysisUSDBRLWave Analysis
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