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Currency pair analysis USD/ZAR

04.03.2022

Market Review

The currency pair trades in the lower edge of the ascendant price channel. The descending wave pattern has completed with the breach of the inclined channel. The Stochastic Oscillator signals the oversold conditions.
Watch USD/ZAR online
Trading idea:
Buy when the 15.2781 is breached.
Stop-loss: 15.1230.
Target level: 15.5000.

Author: GC
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