USDZAR Neutral at 18.4
Updated
Hi there,
This is how the USD/ZAR looks like on the 1-hour chart, having encountered a resistance area at 18.4.
It’s possible that it could push higher, but there are interesting levels that might pull the price lower. The levels of 18.1 and 17.7 are such areas to watch, and there is a possibility that the price may plummet down to 17.3.
Overall, the trend is neutral at the current price, which is near a resistance area.
Happy Trading,
K.
Not trading advice
This is how the USD/ZAR looks like on the 1-hour chart, having encountered a resistance area at 18.4.
It’s possible that it could push higher, but there are interesting levels that might pull the price lower. The levels of 18.1 and 17.7 are such areas to watch, and there is a possibility that the price may plummet down to 17.3.
Overall, the trend is neutral at the current price, which is near a resistance area.
Happy Trading,
K.
Not trading advice
Trade active
That is fine.Trade closed: target reached
That is fine. 
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