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Thoughts on $ZARUSD and that 0.061 level
Been watching $ZARUSD lately and that 0.061 handle just keeps catching my eye. It seems like every time we approach it, there's a bit of a bounce or at least a significant slowing of downward momentum. I'm wondering if anyone else is seeing this as a key support area. It's not a hard floor, obviously, but it feels like there's some underlying demand there.
My thinking is that if we get a decisive close below 0.061, especially on a daily chart, that scenario of it being a solid support level gets invalidated pretty quickly. I'd be looking for follow-through selling then. Curious to hear other perspectives, particularly around what might be driving that perceived interest at 0.061.
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