October 05, 2022 11:16 GMT
- The uptrend in USDZAR remains intact and short-term dips are considered corrective. Price has recently cleared 17.9493, 76.4% of the 2020 - 2021 bear leg. This reinforces bullish conditions. The focus is on 18.3777 next, the May 19 2020 high. Key short-term support is at 17.4454, the Sep 13 low.
- USDTRY trend conditions remain bullish and the pair continues to appreciate. Price has recently cleared 18.3633, the Dec 20 2021 high and a key resistance. The 18.6000 handle has been pierced today, a clear break would open 18.70 next. The 20-day EMA, at 18.3772 is the initial firm support to watch.