Watching the monthly chart for the Brazilian real continues to remind me of watching paint dry as it posted another month with little change. As August came to a close the BRLUSD was priced at 0.19415, up 0.00237 for the month. However, it should be noted the real did dip down during August, hitting a low of 0.18271 that was at least within sight of its previous 4-month low of 0.17378. As we set sail on September, the new 4-month low support level is 0.18252 from May. At some point the BRLUSD is expected to spike higher, enough to finish off the major (long-term) uptrend indicated by its monthly stochastics. Of course this momentum study could also be pulled above the overbought level of 80% if the real is simply able to post a few more months of closing near its monthly highs. For now, though, it looks like the real wants to hold steady.