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USD/ZAR Fails at 15.00, May Correct Higher if 15.0641 Can't Hold

SOUTH AFRICA
  • USD/ZAR breaks back above 15.00 after failing to breach 14.925 decisively
  • Now broken the bear channel pattern drawn off the 28 Jan high - may see the cross correct higher towards 15.2117-15.3174 if 15.0641 resistance fails to hold
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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