FX.co ★ USD/ZAR

It's worth taking note of the level at 16.0066; if it manages to be updated, then today we can say goodbye to the southern flow. To speed up the process, we need to move down during the European session, aiming for a drop with the update of the level at 15.8761. Now, based on time and levels, we can determine whether it will be south or north. In principle, it's time to arrange an upward zigzag on Н4, but the problem lies in Н1 where there is currently a bias to the south, which doesn't really align with the north. So, if we break through upwards, it's already the first sign that it's time to start arranging zigzags for a reversal to the north. Of course, we can't do without zigzags here. They could certainly expedite the process of heading north, but I doubt that will happen. So, let's wait for the American session and see where the price will go.