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Thursday, February 20, 2014

USD/ZAR - The final red wave v is likely developing towards 12,0764

USD/ZAR

Red wave iv likely ended at 10,8120 and should see the final impulsive rally higher towards 11,6068 and ideally higher towards 12,0764 setting the stage for a correction.
Short term we need a break above 11,1660 to confirm that red wave v is developing.

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