One key level to monitor is the intra-
day high of 14.51239, the peak of the
last instance price action was located
above its Fibonacci Retracement Fan
trendline. A breakdown is likely to
result in the net addition of new sell
orders, driving the USD/ZAR farther to
the downside. Volatility is anticipated
to remain elevated, especially as the
deadly string of a coronavirus is
spreading globally . This currency pair
is favored to reverse into its short-
term support zone located between
14.16826 and 14.26820, as marked
by the grey rectangle.


Thread: 
Thanks
Currently Active Users
Forex Forum India Statistics