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- USDZAR maintains a bearish theme and has resumed its downtrend today.
- The recent move through support at 14.1484, Apr 29 low opens 13.6235, the 1.382 Fibonacci projection of the Apr - Jun - Aug 2020 price swing.
- Key resistance has been defined at 14.5434, May 4 high.
- Initial resistance is at 14.1989, May 13 high.