Forex - Chart USD/ZAR Update: Support at 8.93/5

Published at 15:40 (GMT) 12 Feb

usdzar

12 Feb USD/ZAR Daily
15:40 GMT - The rally ran out of steam in early trade near the 9.00 res. and prices have dropped back to the 8.93/5 sup. band. This should limit the downside if the rally is to resume later. Lower sup. is at 8.89/90. Res. is at 8.99.N.I.

R5: 9.1585 28 Jan high
R4: 9.0850~0 highs blw 28-9-Jan hi
R3: 9.0300: * minor projection
R2: 8.9970~ 1 Feb high
R1: 8.9900 today high

S1: 8.93/5 recent tops
S2: 8.89/90 intraday level
S3: 8.85/6 break area
S4: 8.8080 * 5 Feb low
S5: 8.7540 17-Jan low

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