DislikedThanks for the charts peaches.
The USD/ZAR is retracing nicely after powerful bearish candlestick pattern
Grinding its way down, even after some negative ZAR fundamental news
Any bets on how far it will retrace?Ignored
the red stochachstic-line bounces from the purple-line.
might be the 50 % fibo-line, which is also Resistance 3 (7,85).
BUT, its imagination this happens in a straight bearish line,
there maybe 1, 2 days up, before down again.
BUT: there is no bullish pattern by now, which would
sign a change of downtrend.
So: