FX.co ★ USD/ZAR

Hello traders, USDZAR The price couldn't break above the level of 16.0957, indicating a lack of strength from buyers. Therefore, the simple southern signal continues, and to cancel the southward movement today and tomorrow, the upper level of 16.0777 needs to be updated. By the way, if they manage to break through there, not only will the southern movement be canceled, but the H4 and D1 trends may also reverse to the north. So, today and tomorrow, the level of 16.0957 plays an important role. If the H4 and D1 trends reverse, then the next target will be 16.1860. It's not a strong level, but it's a purely intraday target that will strengthen the buyers' positions. As for sellers, the path is open to the bottom, so there is no point in listing levels; there is one strong level at 15.8840. By the way, there is a chance to get a rebound there, and they might just send it for a correction.