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EMERGING MARKETS: CEEMEA FX Price Signal Summary - Corrective Pullback In USDZAR

EMERGING MARKETS
BulletEM BulletEmerging Market News
  • USDZAR has pulled back from its recent high. A move down is considered corrective - for now. The break higher in December, strengthened a bullish theme and has signalled scope for gains towards 19.0054, the Aug 5 high. Clearance of this level would open 19.2696, the Apr 23 high. On the downside, support to watch lies at 18.4915, the 20-day EMA, and 18.2035, the 50-day EMA.
  • The path of least resistance in USDTRY is unchanged and remains up. Fresh cycle highs highlight a resumption of the trend. The 35.00 handle has been cleared. This opens 36.00. Support at the 20-day EMA, lies at 35.1179.
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  • USDZAR has pulled back from its recent high. A move down is considered corrective - for now. The break higher in December, strengthened a bullish theme and has signalled scope for gains towards 19.0054, the Aug 5 high. Clearance of this level would open 19.2696, the Apr 23 high. On the downside, support to watch lies at 18.4915, the 20-day EMA, and 18.2035, the 50-day EMA.
  • The path of least resistance in USDTRY is unchanged and remains up. Fresh cycle highs highlight a resumption of the trend. The 35.00 handle has been cleared. This opens 36.00. Support at the 20-day EMA, lies at 35.1179.