Analysis of the USDZAR Currency Pair for 11.02.2026

Currency pair analysis based on modified wave analysis, Fibonacci levels, and price channels.

11.02.2026.     

USDZAR

       Bears are testing the support level at 15.8623. A truncated bearish wave structure has formed. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator also indicates bullish divergence.

Trading idea:

Buy on the formation of a bullish wave structure, where wave (A) breaks above the descending channel of the truncated bearish structure.

Stop Loss: 15.8623.

Target levels: 16.0300; 16.1250.