When the USDZAR daily chart is examined; It is observed that the price movements continue on the trend line with the formation of an inverted cup formation. As long as USDZAR cannot pass above 18.598235, it is evaluated that in price movements below the level of 17.458306, it can break down to the level of 16.709696 and retreat to the level of 15.620809.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.