Over time, the dollar has been appreciating against the real, in a cyclical manner. Apparently a new upward breakout to a new level of price fluctuation in the coming years has begun. Fibonacci based high and low swing targets.
Subjective analysis based on the Al Brooks method. We have a broad bullish channel, and within that channel we have an upward and downward trend. If the context continues in the same way (it will probably continue until the market cycle changes) it is possible to imagine a new bearish leg that sets up a new bearish trend within the broad bullish channel...
