USD/ZAR looks for support

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The resistance zone of the 2021 high levels at 16.30/16.35 held during the first half of May. By May 30, the rate had bounced off the resistance zone and declined to the support and resistance zone at 15.42/15.56.

A move below the 15.42/15.56 zone, the pair is expected to decline as low as the 14.75/14.80 zone, which acted as resistance in late April. Further below note the 2022 low level zone at 14.40/14.46.

On the other hand, a recovery from the 15.42/15.56 zone is highly likely set to result in another test of the 16.30/16.35 zone.
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Mon, 30 May 2022 11:03:38 GMT

Japan Index approaches resistance line

Since the last review conducted on April 25, the Japan 225 stock index has revealed a resistance zone at 27,500.00, declined to book a new low level at 25,520.00, before recovering and surging. On May 30, the index was approaching the combined resistance of the 27,500.00 level and the upper trend line of the 2021/2022 channel down pattern. A bounce off

Thu, 26 May 2022 15:51:25 GMT

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