LONG Idea for USDZAR
Currently, the price is in the key zone and very close to Weekly 200 MA.
RSI is under 30 in Weekly, Daily and 4H timeframes.
The price is also touching 1.618 Fib level.
DXY (US Dollar Index) also hit major support level.
I think reversal is soon for USDZAR to continue bullish trend.
However, bears may push price to 14R level (Strong support level), it may reverse from there and continue bullish trend.
RSI is under 30 in Weekly, Daily and 4H timeframes.
The price is also touching 1.618 Fib level.
DXY (US Dollar Index) also hit major support level.
I think reversal is soon for USDZAR to continue bullish trend.
However, bears may push price to 14R level (Strong support level), it may reverse from there and continue bullish trend.
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