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Brazil is a large country located in South America. It is known for its diverse culture, beautiful beaches, and vibrant music and dance scenes. The official language is Portuguese, and the country has a tropical climate with high temperatures and ...
Bias: The outlook for BRL/USD is bullish-to-range-bound as the pair is currently above the 90-day average and in the upper half of the 3-month range.
Bias: The CAD/BRL pair is currently bullish-to-range-bound as it sits just below the 90-day average and in the lower half of the 3-month range.
Bias: The EUR/BRL is currently bearish-to-range-bound, positioned below the 90-day average and in the lower half of the 3-month range.
Bias: The GBP/BRL pair is bearish-to-range-bound, currently near the 90-day average and in the lower half of the 3-month range.
Bias: The USD/BRL outlook is range-bound as the current level is only slightly below the 90-day average and sits in the middle of the 3-month range.