USD/ZAR Intraday: rebound towards 18.9650
Apr 26, 2024 19:51
USD/ZAR (USD/ZAR)
-0.01372-0.07%
rebound towards 18.9650.
18.7370 is our pivot point.
Our preference: rebound towards 18.9650.
Alternative scenario: the downside breakout of 18.7370 would call for 18.6550 and 18.6060.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 18.8260 and 18.9410).
Supports and resistances:
19.0630 **
19.0140 *
18.9650 **
18.9170
18.8100 last
18.7690
18.7370 **
18.6550 *
18.6060 **
Our preference: rebound towards 18.9650.
Alternative scenario: the downside breakout of 18.7370 would call for 18.6550 and 18.6060.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 18.8260 and 18.9410).
Supports and resistances:
19.0630 **
19.0140 *
18.9650 **
18.9170
18.8100 last
18.7690
18.7370 **
18.6550 *
18.6060 **
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