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Goose96
Sep 9, 2020 3:59 PM

UsdZar: The wedge continues... Long

USD/ZAROANDA

Description

The pair is working into a wedge and it's being squeezed by the 50- and 200-day EMA's.
I expect the 200-day EMA to hold but tomorrow's ECB meeting could see funds flowing to emerging markets which places the 200-day EMA at risk of being broken. Opinions?
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