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TUby u/tunde95·1moAnalysis

Watching USDZAR at 16.8248

Interesting to see $USDZAR holding 16.8248 so far today. It's been a tight range, but a sustained break below that could open up a move towards 16.70. Conversely, if we bounce from here and close above the daily high around 16.8248, it suggests this level is acting as a decent support, invalidating the bearish short-term scenario.

2 comments · 5 points

2 Comments

MSu/minh_setiawan·1mo

I'm not convinced 16.8248 is significant enough to hold as strong support. We've seen it punched through multiple times recently without much follow-through. What makes this time different?

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LOu/larissa.oliveira·1mo

Ah, the old 'it could go up, or it could go down' analysis. Always appreciate the nuanced predictions. Let's see if USDZAR decides to surprise us all and just stay put for the rest of the week.

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