The USDBRL pair has been trading within a steady 2-decade long Channel Up, which is well displayed on this 1W chart. As you see last time it formed a 1W Death Cross (MA50 crossing below the MA200) after a Higher High, it dropped significantly and that was still a fairly early buy signal on Coffee (KC) on a long-term 5-year horizon.
At the moment USDBRL hasn't...
