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- kimen replied Jun 25, 2014
joyfultrader: The bearishness in UZAR vs UTRY you mentioned has been going on last few weeks. More so since ZAR broke its 1.5 month Trendline. (Notice the rejection on retest of trendline in chart + subsequent 50fib short holds since top of 10.85) ...
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- kimen replied Jun 25, 2014
As was pointed earlier ZAR has been appreciating much more after it broker its Trendline. (see image) Tooks a short USDZAR long USDTRY last week (relative USD hedge) and closed ZAR at 10.57 (50fib). Holding USDTRY long till the uncertainty persists.
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