USD.BRL - Brazilian Real in dollars should reach 11% increase

Currently in a minute 4 correction, the Brazilian real should dance around R$5 and R$4.60 and after that increase to up to R$5.40 during the third quarter of 2020

Trade closed: target reached:

Brazilian real reached R$5.35 on April 9, as predicted. It is now tracing a minor wave 4 that when completed will turn turn to another last move up in minor wave 5 that should elevate the currency to around R$5.45 to R$5.50, before the mid-term trend turns down. See the newer post to get updated.