USD/BRL Breaking Out
November 26, 2019 at 12:34 PM EST
If USD/BRL is to move to the target of 5.4000, it first has to get through trendline resistance near 4.3000 and the 127.2% Fibonacci extension from the highs on August 29th, 2018 to the lows October 30th, 2018 at 4.3791.