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Mon, Jul 22, 2024

USDZAR at the bottom zone of the Uptrend line. Wait for a reversal?
1 mins well spent

USDZAR Uptrend Analysis

USDZAR is moving in an uptrend by forming higher highs and higher lows in the weekly timeframe chart.

Now, after a long time, USDZAR has reached the bottom level of the uptrend line + retesting the previous breakout 15.40

Let’s wait for the confirmation of reversal or breakout from this zone for the long term trade. 

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