Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
USD/ZAR can test lower levels
2019-11-11 • Updated
SELL 13.92; TP 13.8050; SL 13.95
USD/ZAR met resistance at the line connecting September and October highs and turned down. The pair is currently testing levels below the 200-day MA (13.93) and the 38.2% Fibo retracement of February advance (13.94). The short-term downside target lies at 13.8050 (50% Fibo).
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