USDZMW looking forward to continuation of the down trend after the market mitigated some of the imbalances on the highs.
Markert made a bullish engulf candle signaling a good sell off probability which is currently being tested and mitigated.
Currently the Zambian economy is facing a form of uncertainty as it has not yet successfully come to an agreement to restructure its debt with its official creditors. positive news towards such an agreement will strongly confirm my analysis apart from that low up and down volatility is to be expected.
Markert made a bullish engulf candle signaling a good sell off probability which is currently being tested and mitigated.
Currently the Zambian economy is facing a form of uncertainty as it has not yet successfully come to an agreement to restructure its debt with its official creditors. positive news towards such an agreement will strongly confirm my analysis apart from that low up and down volatility is to be expected.
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Seeing a continued push to the downside as anticipated.