USDBRL breaking to the upside in what could be a powerful move higher in the medium term. Weekly stochastics look overbought so it might be worth waiting for a pullback or re-test of the downtrend to get onboard.
Commentaire:
the break over the downtrend proved to be a false break and the pair has broken on the downside of the wedge. Will wait for a re-test of the wedge trendlines to initiate any long term positioning.