This trade idea is for demonstration and educational purposes only. It does not constitute a signal. Study price action and use confluences to confirm before entering. USD/ZAR has pretty strong area of resistance overhead; price could be due for a pullback to the key zone as noted; moving average possibly serving as dynamic resistance. We see bearish push down and what appears to be re-test, although this must be confirmed with candle close. As always study your confluences before entering and trade at your own risk.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.