$USDZAR Sustained Upper Price Band Creating Choppy Values
is trading near the 17.10000 mark as of this writing with fast conditions continuing to be demonstrated.
too which has tested support levels. Technical traders may becoming comfortable with support near the 17.00000 level, but yesterday the USD/ZAR did fall to a low of nearly 16.94800, which broke a low on Monday of 16.9600.Higher Price Range of USD/ZAR Producing Volatile and Speculative Conditions Within the volatile conditions as the USD/ZAR bounces along within the upper regions of its apex highs, choppy results will likely remain normal and speculators need to use risk management effectively.Which opens the possibility of igniting buying positions near perceived support, and selling positions near observed resistance for traders with enough emotional strength to allow the USD/ZAR currency pair to generate power.
If the USD/ZAR remains above the 17.10000 level short term this could spur on additional buying sentiment.
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