On the hourly chart of USD/ZAR, there has been a recent increase in dollar buying since last Friday, followed by a correction. It seems that interest in buying the dollar is returning, and the pair has formed a bullish candlestick reversal pattern. Overall, the upward trend looks promising, and the pair is in the early stages of the third wave. Therefore, the first signal is the candlestick reversal, followed by waiting for the MACD to reach the upper region and show bullish momentum. The third confirmation will be a breakout above the high of the first wave at 19.0950.
