USD/ZAR Trading Analysis (09/07/2025)
The trend is downward. The currency pair is trading within a range of 365 to 135 EMA. The truncated wave structure of the uptrend finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator's moving averages are out of the overbought zone.
Trade idea:
- Sell at the breach of 17.7276.
- Stop-loss at 17.8718.
- Price targets are 17.5800 and 17.4855.
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