USD/ZAR – Bearish Outlook Supported by COT Data 🐻
USD/ZAR is under pressure as emerging market currencies gain strength and the dollar softens amid shifting Fed expectations. Recent price action shows clear lower highs and rejection at key resistance levels. Conclusion: USD/ZAR remains vulnerable to further downside as both technicals and COT positioning confirm a shift in sentiment. Look to sell rallies toward resistance levels.
USD/ZAR is under pressure as emerging market currencies gain strength and the dollar softens amid shifting Fed expectations. Recent price action shows clear lower highs and rejection at key resistance levels. Conclusion: USD/ZAR remains vulnerable to further downside as both technicals and COT positioning confirm a shift in sentiment. Look to sell rallies toward resistance levels.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.