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$ZARUSD watching the 0.0605 support
I'm keeping a close eye on $ZARUSD around the 0.0605 level. We've seen some decent bounces off it in the past, suggesting it's got some real structural support. If we break and hold below that, especially with conviction, my bullish bias would definitely be invalidated for the near term, and I'd be looking for a re-evaluation.
2 comments · 1 points
While 0.0605 has held, the volume on those bounces wasn't exactly convincing. I'd be careful relying too heavily on past performance here if there isn't fresh buying interest.