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TRADE SETUP ALERT 28/05/2021

10-Year Diagonal Support Test for USDZAR

In face of the highest U.S. inflation in nearly a decade the USDZAR is currently testing the 10-year diagonal support and appears to be forming a morning star reversal on the Daily similar to what happened during the first test in Feb 2018. This is potentially presenting an excellent opportunity for investors looking to hedge against the USD.