FXAutomate

End of USDZAR sell-off?

Long
FX:USDZAR   U.S. Dollar / South African Rand
I would be very surprised if the USDZAR manages to break below this diagonal level, however with the way it broke through the Monthly Pivot @ 16.90 it definitely cannot be ruled out. If we break lower the next stop would be 16.55 (Yearly R2 and Monthly S1 Pivot).

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