USDZAR| Price Volatility Over 18.9

The price is bearish to the 4-hourly candle, and 18.9 is a potential bullish zone. The price also has the potential to reach the 18.80 area if bearish pressure in the 19.2 range is strong enough to drop down following what appears to be an ABC pattern.

Overall, the price retraces, but we do not have a strong bearish confirmation until we see a strong lower high below 18.90136.

Happy Trading,
K.

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