aibek

USDKZT to hit between 474 and 485

Long
aibek Updated   
FX_IDC:USDKZT   U.S. DOLLAR / KAZAKHSTANI TENGE
This oil-related pair is going to complete the wave 4 down reaching minimum area of retracement at 38.2% Fibonacci of wave 3 at 430.
The next support is at 50% at 420.
I see the USDRUB should reverse soon so this pair then is going to follow.
The target for wave 5 is located within 474-485 range.
Comment:
Update - follows USDRUB
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.