USDBRL’s rebound stopped after retesting the July high of 5.51. The analysts of Société Générale note that the pair needs to break through one of the 5.01-5.62/6 bands to confirm the trend. ORIGINAL EXPECTED AT 5.2 /5.20 „An initial pullback is expected to begin near last week’s bullish divergence near 5.2 /5.20.” „It is worth noting that the pair saw a crossover around key moving averages, suggesting a lack of clear direction; price development could broadly remain within the limits of 5.01 and the multi-year channel of 5.62 / 5.6 . A break beyond one of these groups is necessary to confirm trend movement.”