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USD/ZAR Trading Analysis (13/09/2023)

13.09.2023

Market Review

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downward truncated wave structure was finished with the breach if pivot 2 of the wave C. There is bullish divergence on the Awesome Oscillator. The breach of the level 18.9514 will start the formation of the upward wave structure.
USD/ZAR chart as of 13/09/2023 with technical indicators

Trading idea:

Buy at the breach of 18.9514.

Stop-loss: 18.8227.

Target levels: 19.1443, 19.3253.

#usdzar #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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