Hello dear members of this great community, here are my analysis of USD/ZAR for today.
USD/ZAR is Strong Sell according to four-hour chart. RSI(14)'s value is (44.687), STOCH(9,6)'s value is (45.468) and STOCHRSI(14)'s value is (26.204).
Let's have a look at today's Support and Resistance levels:
Pivot Point: 14.0874
Support 1: 14.0799
Support 2: 14.0694
Support 3: 14.0619
Resistance 1: 14.0979
Resistance 2: 14.1054
Resistance 3: 14.1159
According to the current scenario I would like to recommend you to take trade according to the support and resistance levels of the market."