USD/ZAR briefly challenged the 200-Day Moving Average recently, however, it has quickly rebounded after forming a low near 16.70. The pair is set to extend its advance on a break past 17.41/45, economists at Société Générale report.
Receding downward momentum
“Daily MACD has been posting positive divergence denoting receding downward momentum.”
“17.41/17.45, the 38.2% retracement of recent down move is initial resistance. Once this is overcome, USD/ZAR is expected to extend the bounce towards 17.95 and the high of October/November at 18.58.”
“The 200DMA at 16.87 is first support.”
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
喜欢的话，赞赏支持一下
暂无评论，立马抢沙发