#USDZAR - R$ / Fed Meeting
- The USDZAR ended the month of April with an "inside" bar which means it stayed within the range of the previous month (March).
- Inside bars normally depict a consolidation period before a new leg , be it to the upside in the case of continuation of trend or a reversal.
- The FED meeting tonight is likely going to be the catalyst for the next move and breakout.
- Inside bars normally depict a consolidation period before a new leg , be it to the upside in the case of continuation of trend or a reversal.
- The FED meeting tonight is likely going to be the catalyst for the next move and breakout.
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Disclaimer
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.