USD/ZAR buying opportunity
The USD/ZAR has recently broken out of a long-term descending channel, showing strong bullish momentum. We’re now targeting the 18.60 - 19.00 range as potential levels for profit-taking if the uptrend continues.
With a stop-loss set below recent lows, this setup gives us a favorable risk-to-reward ratio. Keep an eye on this pair, as further USD strength could propel it even higher.
With a stop-loss set below recent lows, this setup gives us a favorable risk-to-reward ratio. Keep an eye on this pair, as further USD strength could propel it even higher.
Join my Telegram for Forex trading signals and market updates - t.me/charts_M7M
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.