USDZAR is clearly bullish. but there seem to be some sort of selling opportunities at the support turned resistance the after retest where it looks like its going to push to. Resistance lies exactly at 61.8% fib level, another trust worthy confluence. if that happens, we expect USDZAR to fall to 18.10 where we might have a good buying opportunity. our confluences here: 1. Possible head and shoulder pattern, 2. A 61.8% fib level retest, 3. retest of an ascending trendline
Chart PatternsTechnical IndicatorsTrend Analysis

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