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CEEMEA FX Price Signal Summary - USDZAR Sights Are On The Bull Trigger

EMERGING MARKETS
  • The USDZAR outlook is bullish with the pair continuing to trade above both the 20- and 50-day EMAs. Attention is on 18.6132, the Mar 21 high ahead of key resistance and bull trigger at 18.7192, the Mar 8 high. On the downside, a move below 18.0472, the 50-day EMA, would highlight a bearish threat and expose key support at 17.6993, the Mar 31 low.
  • The path of least resistance in USDTRY is unchanged and remains up. The 19.00 handle and 19.20 level have been breached and the focus is on 19.40 next. The 20-day EMA at 19.1464, marks the first support.

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