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Trader-Dan

USDZAR Long on the pair to be cautious here!

U.S. Dollar / South African Rand (FX:USDZAR)  
Trader-Dan Updated   
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Technical Indicators ZAR USDZAR Forex
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trendanalysis chartpattern indicator zar usdzar forex
Price closed below the symmetrical triangle pattern and is currently going to retest the break. Failure at around the R15.28 zone will signal further strength for the ZAR. Stochastic on the daily has also been overbought and sloping downwards.
Comment:
As expected, price has been rejected and back to currently R15.17
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