Bought some USDZAR here at 17.25. Looking for a move to 17.75. Stop loss at 17.05.
General thoughts are that the Fed's job got a lot harder with the huge rally in risk post the soft CPI data yesterday. I would not be surprised if JP adopts a hawkish tone today. That opens the door for some USD strength. Tech setup also decent with USDZAR in a clearly defined uptrend. Simple to set your levels. Let's see how we go... good luck!
General thoughts are that the Fed's job got a lot harder with the huge rally in risk post the soft CPI data yesterday. I would not be surprised if JP adopts a hawkish tone today. That opens the door for some USD strength. Tech setup also decent with USDZAR in a clearly defined uptrend. Simple to set your levels. Let's see how we go... good luck!
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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.