$/ZAR overbought but outlook still bullish
Looking for pullbacks into 16.28, then 16.00 before a move higher into 18.88 and (in extension) 20.70
Moves below the green wedge or 15.50 signal a test of 14.50 (or 14.00 in extension) after which 14.00 - 14.50 & 18.00 should mark the range for a period of consolidation
Looking for pullbacks into 16.28, then 16.00 before a move higher into 18.88 and (in extension) 20.70
Moves below the green wedge or 15.50 signal a test of 14.50 (or 14.00 in extension) after which 14.00 - 14.50 & 18.00 should mark the range for a period of consolidation
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