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CEEMEA FX Price Signal Summary - USDZAR Pierces A Key Short-Term Resistance

EMERGING MARKETS
  • USDZAR is firmer again today and price has traded above resistance at 17.4343, the Jan 6 high. A clear break of this hurdle would cancel a recent bearish theme- for now - and instead suggest scope for a stronger recovery towards 17.7601, the Dec 13 high. Initial key support to watch lies at 17.0133, the Jan 26 low. A break would reinstate the recent bearish theme.
  • The primary trend direction in USDTRY is unchanged and remains up. The 18.8000 handle has been breached and the focus shifts to 18.9000. The 20-day EMA, at 18.7680 marks the first support.

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