Brazilian Real (Brl) monthly forecast from 14/July/10.

Prediction Date: 14-Jul-2010 . Forecast confidence level = 80 percent.
1 Brl is likely to buy:

Currency	current_value	minimum	maximum
Brl/Usd	0.5682	0.5500	0.5946
Brl/Aud	0.6437	0.6089	0.6899
Brl/Chf	0.5992	0.5917	0.6044
Brl/Inr	26.5257	26.1815	27.0837
Brl/Cny	3.8510	3.8086	3.9075
Brl/Jpy	50.2188	49.3508	50.7110
Brl/Gbp	0.3723	0.3543	0.3976
Brl/Nzd	0.7861	0.7449	0.8475
Brl/Cad	0.5863	0.5765	0.6029
Brl/Zar	4.2797	4.2572	4.3686
Brl/Eur	0.4454	0.4252	0.4746

Technical Levels

The plot below shows the likely resistance and support levels. The current value, at the time the forecast was made, is shown by the red line.

Forecast Histogram

The plot below shows the likely distribution of values over the forecast period. The current value, at the time the forecast was made, is shown by the red line.

My Thoughts
The Real seems to be slightly overvalued - by about 200 pips - at current pricing.

Source | The Currency Forecasting Blog (CFB) | http://currency-forecasting.blogspot.com/2010/07/brazilian-real-brl-monthly-forecast.html