After hitting resistance from the overhead diagonal trend line we have seen the USDZAR pulling back on last week Thursday and Friday. It would appear that for today at least a re-test of the new weekly pivot @ 14.98 is a likely scenario that could lead to another move lower towards ~14.70 should we see price getting rejected. This level offers support in terms of the 50 Daily SMA, Weekly S1 pivot, and VWAPs anchored from the previous 2 Months' swing highs and swing lows. If however price also loses the latter support level a move to support near the Daily 100 SMA @ 14.43 could follow.
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