USDBRL

USDBRL: USDBRL - did not take off in wave 3 of larger degree last year. Pulling back to the lower blue support line of the previous two lows we may again try to think about wave 3 up starting. This after an oversold reading on RSI and bullish short term momentum indicators, makes sense. Wave 2 was a flat and wave 3 up should again attempt to breakout of this trading range by first going up to the top end near 4.10.