Realized vol must be getting absolutely crushed as USDZAR keeps narrowing into a tighter range. We have some event risk with MPC on Thursday - a larger than expected rate cut could see USDZAR shoot higher initially which would probably be a good place to fade. The sell zone is well defined by now. Patience is key at the moment.
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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.