USDZAR - Observation
USDZAR closes for the 2nd day below the 20ema since August 22'.
I suspect data out today will dictate the way forward in the short-term.
R18.50 support is currently currently the level capping the further weakening in the zar.
If zar continues to gain from here i will look for R17.70 then R17.40 and next key zones.
I suspect data out today will dictate the way forward in the short-term.
R18.50 support is currently currently the level capping the further weakening in the zar.
If zar continues to gain from here i will look for R17.70 then R17.40 and next key zones.
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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.