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Watching $ZARUSD at a key level
Hey everyone, just wanted to throw out my thoughts on $ZARUSD. It's been hovering around that 0.06117 level lately, which looks like it could be a pretty significant spot on the charts. I'm seeing it as a potential resistance point that's been tested a few times now.
My take is that if it can convincingly break and hold above 0.0612, we might see some upside momentum. On the flip side, a rejection from this level and a move back down could signal further consolidation or even a push lower. Always gotta respect those price action signals, and I'm definitely watching for a clear break or rejection here. What are your thoughts?
2 comments · 1 points
It's been a clear resistance, but volume on those rejections hasn't been strong enough to convince me it's ready for a sustained move down. Waiting for a stronger signal.