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

Apr 12, 2024 19:48
as long as 18.8100 is support look for 19.0300.
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 **
18.8904 last
18.8100 **
18.7350 *
18.6900 **

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