USDZAR remains in a broader uptrend, with the price action on the daily chart still characterized by a series of higher peaks and higher troughs. The upward sloping 50-day simple moving average (SMA) reinforces this notion. That said, a clear break above 15.50 is needed to signal that this uptrend is back in play. Short-term momentum oscillators concur, and suggest that the latest move higher may continue for now. The RSI rebounded off its 50 level and is pointing higher, [..]
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