FX.co ★ USD/ZAR

Hello traders! I want to make a small note regarding intraday levels. Yesterday, as expected, the minimum was updated. In general, Asia and Europe executed as the master ordered, could they not execute? Of course not. Now the lower level is at 15.8761, which today is responsible for the southern movement. Although the signal for the south is still valid, if they have already worked for it, they may or may want to arrange a correction, then the path is open to them. Temporary periods currently have a good slope to the south, which also reinforces the southern sentiment, but does not rule out a correction. A correction today is possible up to the level of 16.0260, and it is welcomed because such a zigzag is missing on H1, and this will give strength to the sellers.