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USDBRL - possible minor correction to 5.2 before last leg down

Dolar A.S. / Real Brazil (FX_IDC:USDBRL)  
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FX_IDC:USDBRL   Dolar A.S. / Real Brazil
Trend Analysis Wave Analysis Technical Indicators USDBRL brazilianreal brazil brasil Currencies currency fx
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trendanalysis waveanalysis indicator usdbrl brazilianreal brazil brasil currencies currency fx
As predicted in the post of May 26, USDBRL reached a level a few points below the target for the correction. Now USDBRL is tracing minor wave A down and it is currently at the beginning of minute 4 up that could reach levels around 5.20. After this the currency pair should enter in the last leg down to complete wave A (our current target for this is at R$4.87) When wave A finishes, wave B should elevate USDBRL to the range between 5.42 to 5.55 before it continues its trend down again. FOLLOW SKYLINEPRO TO GET UPDATES.
Dagangan ditutup: sasaran tercapai:
The currency pair reached some points below the forecasted target and the trend (counter-trend) inverted as predicted. See updated post.
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