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$ZARUSD pushing key resistance, watch for rejection or breakout
Watching $ZARUSD very closely here. It's really bumping up against that 0.06127 level, which has been a pretty solid ceiling for a while now. If we see a clear rejection here, it could signal a pullback, but a sustained break above it, especially on decent volume, could open up a path to higher levels. My concern is a false breakout and immediate snap back, so confirmation beyond just a momentary pierce is key.
1 comments · 1 points
This is helpful, thanks! What would you consider to be 'decent volume' for a breakout confirmation on something like $ZARUSD? Is there a typical percentage increase you look for?