USD/ZAR 4H Chart: Channel Up

However, the near-term risks are notably skewed to the downside, being that the price is fluctuating circa the upper boundary of the corridor at 10.8335, which is expected to initiate a bearish correction. Additionally, 75% of traders are holding short positions on USD/ZAR. Subsequently, the decline should be stopped by the rising support line at 10.6585.