USD/ZAR Trading Analysis (13/09/2023)

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downward truncated wave structure was finished with the breach if pivot 2 of the wave C. There is bullish divergence on the Awesome Oscillator. The breach of the level 18.9514 will start the formation of the upward wave structure.
USD/ZAR chart as of 13/09/2023 with technical indicators

Trading idea:

Buy at the breach of 18.9514.

Stop-loss: 18.8227.

Target levels: 19.1443, 19.3253.

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Penulis: GC
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