USD/ZAR Intraday: as long as 18.8100 is support look for 19.0300

Apr 12, 2024 19:48
USD/ZAR (USD/ZAR)
-0.0237-0.13%
as long as 18.8100 is support look for 19.0300.
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Our pivot point stands at 18.8100.

Our preference: as long as 18.8100 is support look for 19.0300.

Alternative scenario: below 18.8100, expect 18.7350 and 18.6900.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 18.8650 and 18.7820).

Supports and resistances:
19.1190 **
19.0740 *
19.0300 **
18.9850
18.8904 last
18.8390
18.8100 **
18.7350 *
18.6900 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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