USDZAR - Tussle for direction
The ZAR has been fighting for direction at the downward sloping line of resistance (yellow). Either we see a breakout at which point it could possibly test the previous spike of 19.30 (hit in 2020), or we see some strengthening towards the more reasonable and fair value levels of 17 and below.
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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.