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InvestingScope

USDZAR: Sell opportunity after a Resistance rejection.

Short
U.S. Dollar / South African Rand (FX_IDC:USDZAR)  
InvestingScope  
FX_IDC:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Technical Indicators USDZAR USD ZAR Forex DJ FXCM Index dollar southafricanrand Currencies currency
7
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trendanalysis chartpattern indicator usdzar usd zar forex usdollar dollar southafricanrand currencies currency
The pair is pulling down on the 1D chart and has reached its pivot point (RSI = 50.729, CCI = -28.2213, Highs/Lows = 0.0000). This should accumulate some buying pressure to take it slightly higher only to be most likely rejected again towards the 12.90 - 13.87 Support Zone. We are short with TP = 13.900.







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