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13 Aug 2020 ‚óŹ 07:14 AM

Brazils currency should have started wave C down but did not. It continued to consolidate in wave B. The fall rfrom the previous high ended in 3 waves and is now marked as b of B. Wave c of B is forming and the 61.8% retracement mark at 5.55 is the key resistance before which it may complete. The next wave down in C is pending and due to begin. Wave C down could go to 4.42 if C=A was achieved.

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