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CEEMEA FX Price Signal Summary - USDZAR Sights Are On Key Resistance

  • The USDZAR uptrend remains intact and sights are on the key resistance at 18.5815, the Oct 13 2022 high. Clearance of this hurdle would resume the uptrend that started in June 2021 and signal scope for climb towards the 19.00 handle next. On the downside, a key support to watch lies at 17.9343, the 20-day EMA.
  • The primary trend direction in USDTRY is unchanged and remains up. The focus is on the 18.9000 handle while further out, potential is seen for a climb towards 19.00. The 20-day EMA at 18.8402, marks the first support.

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