05th Jul - USD/ZAR Upmove Temporarily Paused
05 July 2013
WEEKLY CHART:
The continued recovery has so far stopped short of the long term 76.4% retracement.
Note first support on this long term chart comes from the current 23.6% pullback level at 9.4530.
DAILY CHART:
Since the upmove reached resistance from our latest Fibo projection the market has been consolidative.
So far support has come from a 38.2% pullback level. A breach of this would prolong the correction phase
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05th Jul - Silver Testing Long Term76.4% Retracement