USDZAR is approaching resistance, potential drop! USDZAR is approaching our first resistance at 6.8630 (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 6.6179 (horizontal swing low support, 100% Fibonacci extension).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price.
