USD/ZAR: Break above 18.50 to open up 2020 high of 19.20/19.35 – SocGen USDZAR Banks
“The 50-Day Moving Average near 17.55/17.30 should be an important support zone. Defending this can lead to the next leg of up move.”
“A cross above 18.50 can take the pair towards 18.80 and perhaps even towards 2020 high of 19.20/19.35.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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