# Brazilian Real Technical Analysis: USD/BRL Breakout Re-Tests 5.00

> USD/BRL broke out to a three-month high after the Fed's September 20 decision and a 50 bp Brazilian rate cut the same day. The pair then pulled back to retest support near the 5.00 level at prior resistance.

- Date: 2023-09-29 · published 2023-09-29T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/34322-brazilian-real-technical-analysis-usd-brl-breakout-re-tests-5-00
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A weaker real makes Brazilian soybeans, soymeal and corn cheaper for foreign buyers, which can pressure US and global feed export prices if the trend holds.

## Read by commodity

- SBM: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-06-30 | [Brazilian Real Technical Analysis: USD/BRL, EUR/BRL](https://feedsoft.ai/events/35694-brazilian-real-technical-analysis-usd-brl-eur-brl.md) | +0.3% | -2.4% |
| USDBRL | 2016-11-10 | [USD/BRL: Brazilian real tumbles to lowest since June — Octa](https://feedsoft.ai/events/5468-usd-brl-brazilian-real-tumbles-to-lowest-since-june-octa.md) | +6.1% | +4.5% |
| USDBRL | 2020-03-05 | [Brazilian Real (BRL USD) Plunges to Record Low as Rate Cut Seen - Bloomberg](https://feedsoft.ai/events/9274-brazilian-real-brl-usd-plunges-to-record-low-as-rate-cut-seen-bloomberg.md) | +3.0% | +15.4% |
| USDBRL | 2026-03-26 | [Brazilian Real Stabilizes Around 5.24](https://feedsoft.ai/events/20381-brazilian-real-stabilizes-around-5-24.md) | -1.3% | -4.8% |
| USDBRL | 2024-12-17 | [USD/BRL: Brazilian Real, Stocks and Bonds Plummet as Panic Sweeps Markets - Bloomberg](https://feedsoft.ai/events/27151-usd-brl-brazilian-real-stocks-and-bonds-plummet-as-panic-sweeps-markets.md) | +2.0% | -0.2% |
| SBM | 2023-06-30 | [Brazilian Real Technical Analysis: USD/BRL, EUR/BRL](https://feedsoft.ai/events/35694-brazilian-real-technical-analysis-usd-brl-eur-brl.md) | +1.6% | +11.9% |
| SBM | 2024-12-17 | [USD/BRL: Brazilian Real, Stocks and Bonds Plummet as Panic Sweeps Markets - Bloomberg](https://feedsoft.ai/events/27151-usd-brl-brazilian-real-stocks-and-bonds-plummet-as-panic-sweeps-markets.md) | +0.7% | +4.7% |
| SBM | 2024-11-29 | [What is happening to BRL as the Brazilian Real collapses against the US Dollar](https://feedsoft.ai/events/27617-what-is-happening-to-brl-as-the-brazilian-real-collapses-against-the-us-dollar.md) | -1.3% | +2.2% |

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/brazilian-real-technical-analysis-usdbrl-retest-500-29-09-2023/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.