peterbokma

USDZAR-NEUTRAL BUY Daily chart

Long
FX:USDZAR   U.S. Dollar / South African Rand
I am not super convinced of the lower level reached, as I felt 18.7200 area to be a good buying entry. We have moved further south, but stochastic looks turning positive, and the pressure still there for upside.

I remain NEUTRAL to being inclined to BUY between 18.5700-18.8500 wider than usual. Stop-loss below 18.4750 (financial). Profit order @ 18.9800 - 19.2700. The 18.9800 we require to monitor, as we may stall. For that reason am NEUTRAL BUY, and not convinced BUY.

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