Final retest before bullish continuation
The USDZAR has been exceptionally tricky to analyze since breaking below strong support @ 14.60. But it does now finally appear to be finding support from the area between the Daily 100 SMA and point of control based on volume. This area also acts as the 2nd re-test of the slanted inverted head and shoulders neckline. From here I expect a move to between 14.60 to 14.65 where we will likely see some resistance from the 50 and 200 Daily SMA's. Following a pullback, the bullish move could then possibly resume from around 14.45 continuing towards resistance somewhere in the 14.90 to 15.00 resistance zone
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