We might see a strong buy side liquidity on USD/ZMW, W formation formed on Monthly Time Frame after price hit our MTG at k15 which is likely to head back to k22.50 Zone, it has also broken another liquidity zone (OB) at k19.28 meaning that we still have a strong bullish run, Price might be heading back to fill the VOID from the heavy sell liquidity we had from July 2021 - August 2021.
Kwacha is yet to depreciate drastically till proper Fundamental and Economic Policies are put in place.
Kwacha is yet to depreciate drastically till proper Fundamental and Economic Policies are put in place.
Trade active:
As anticipated price has finally come to fill up our void after 10months, this current update 2nd November 2023, we are still expecting price to go long till K22.64 or up to K23.00 that's if market wants to take out liquidity and form BSL then it go up to k23.00 then we will go short till K20.00. If liquidity isn't taken OUT at K23.00 then we will continue to see kwacha lose value drastically till K24.00 OR TILL K25.00 THEN PRICE CAN REVERSE TO THE DOWNSIDE.