Forex - Chart USD/ZAR Update: Downside pressure increasing


 11:41 (GMT) 10 Jan

  [Forex Charts]

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Chart USD/ZAR Update: Downside pressure increasing (0101-HJKW-C01)

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Asterisk denotes strength of level

11:30 GMT - No change, with prices balanced in consolidation above 13.8000. Downside pressure is increasing, however, as daily studies turn down and weekly readings continue to deteriorate. A close beneath here will open up the 13.5960 Fibonacci retracement. Meanwhile, a close above 14.0000 would delay downside risks and improve sentiment.


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