USD/ZMK Potentiel long | Wait for breakout + retest
This has been a perfect play - out for several months. Price seems to have broken out of the prominent yearly channel with a strong impulsive wave. If the DXY closes above $100 this month, I expect the Zambian Kwacha to depreciate even further to at least K20.21 / $ 1 (CASE 1). If the U.S. dollar index closes the month below $100 however, I will expect the second scenario to play out.
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