US Dollar / South African Rand - Technical Analysis
Following a test of the rounding top resistance, the price has retreated to trade back within the channel and is approaching the rising support line between 14.34 and 14.44. This is also in line with the prior breakout level seen in late July as well as just above the 200-day simple moving average. On the upside, resistance is 14.74 and 14.89 while the price is making a bullish reversal at a prior level of interest, that being 14.60.
Penafian
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