USDZAR

USDZAR has traded under a negative tone for the majority of 2020. Potential peaks have been met with heavy resistance as prices were pushed to a 9-month low. The bottom found at the 17.26/15.10 downside Fibonacci leg, which has seen a…
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USDZAR currently sees prices trading below the Ichimoku cloud, indicating a descending tendency. Even though prices have been trading in an ascending channel since 2018, the current bias leans towards the downside. A second test at the…
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