I am seeing it go all the way up from the technical side but fundamentals always have the last word . The first reason why I see a buy is the fact price reached a previously tested support and gives us a third touch confirmation as you can see with the rectangle.
The second reason I buy id the fact I seer the price has tested the bullish channel's support .
AUDZAR H4 -Down
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AUDZAR 2hourly bearish set-up, and you can estimate your SL with the DSL Resistance from 12.3051, confirmation required on alert, looks bumpy ahead following a loss in volatility in the higher time frames.
The pair has made a potential Lower Low within the 1D Channel Down (RSI = 37.943, MACD = -0.070, B/BP = -0.1402) and although it may extend a little lower towards the 0.97234 1W Support, it should technically rebound towards a Lower High. We have estimated this at 10.200 and this is our TP.
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