Since the last post, price has since broken back into the trend and rejected the trendline - from there price broke an area of strong resistance.
The 2nd entry will be on the retest of this broken zone.
Once price settles and continues above this zone, there will be 2 decent zones of support protecting initial entries.
The next zone will be at the 100% line.
**A USD Rally will be the catalyst for this move. So..given that USDZAR has broken above a weekly level, you can almost *assume* DXY will follow suit and we will have that rally.
The 2nd entry will be on the retest of this broken zone.
Once price settles and continues above this zone, there will be 2 decent zones of support protecting initial entries.
The next zone will be at the 100% line.
**A USD Rally will be the catalyst for this move. So..given that USDZAR has broken above a weekly level, you can almost *assume* DXY will follow suit and we will have that rally.
Note
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Related publications
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.