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USDZAR Extends Advance As Ramaphosa Resignation Appears Most Likely Outcome

SOUTH AFRICA
  • USDZAR extending gains in recent trade to trade fresh highs of 17.6884, breaking significantly above the aforementioned 50-day EMA resistance at 17.5265, undermining the most recent bearish theme.
  • The high from the breakdown on November 10th high represents the next target, which comes in at 17.8373.

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