USD/ZAR Price Action Update - NEW FREE TELEGRAM LINK INSIDE

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We are yet at another sensitive area in the market. We see on one hand that price still remains at the left side of the trendline. There is no apparent clear bull run back to 15 and above prices until price breaches the trendline as noted. Right now we do have what appears to be a bullish flag forming. Given technicals one might consider that after flag formation we could have a continuation back to the upside, and towards the next key zone. We could still see the flag formation another 75 pips down. Or the flag may have very well be complete now and we see a break to the upside and continuation. Study of price action is key to know how to trade this pair as perspective can change within a day or a week depending on price action.

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