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CEEMEA FX Price Signal Summary - USDZAR Trend Needle Still Points North

  • The uptrend in USDZAR remains intact. The pair has traded to fresh trend highs this week and has breached resistance at 18.2214, the Sep 28 high. This maintains a bullish price sequence of higher highs and higher lows and reinforces the bull trend condition. The focus is on 18.3777 next, the May 19 2020 high, ahead of 18.50 handle. Key short-term support lies at 17.5709, the Oct 4 low.
  • USDTRY trend conditions remain bullish. Price has recently cleared 18.3633, the Dec 20 2021 high and key resistance. The 18.6000 handle has also been breached and a continuation higher would open 18.70. The 20-day EMA, at 18.4626 is the initial firm support to watch.

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