FX.co ★ USD/ZAR

The African currency has reached the upper range at 17.64685, and now it seems like it should move downwards. However, there is a Friday American hint for a continuation to the north. So, I am waiting for another upward move. If we manage to update the level at 17.4685, then the path will open even higher to 17.5590, where we will likely encounter resistance. If we fail to update 17.4685, then we can calmly start the southern journey and continue the natural sideways movement. To do this, we need to reach the lower level at 17.2621. By the way, the 30-minute and 1-hour timeframes will also show the south, confirming the southern movement. Especially when looking at the 4-hour timeframe, there is a complete lack of direction, only sideways movement without any inclination anywhere.