USDZAR's potential short-term support


The above chart shows hourly price action. Key support is potentially at the confluence of factors including the S1 pivot level, the 76.4% Fibonacci retracement level and price congestion support (green rectangle). The stochastic is also at buyer friendly levels (green ellipse). A pullback in USDZAR may provide a “buy the dip in an uptrend” opportunity.

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