bobjames1
Short

USD/ZAR due for a correction soon

FOREXCOM:USDZAR   U.S. Dollar / South African Rand
Bad news in South Africa (power utility troubles caused the price to rally extremely high). The situation is somewhat normalized as of now but insolvency issues for the power utility company still persist.
RSI shows super overbought so expect a drop sometime soon after slightly more uptrend and perhaps sideways.
This is still in a strong downtrend on the daily chart so I'm pretty sure the trend will continue.
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