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.
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