Big break on the USDZAR’s long-term support level. Although the ZAR finds itself in heavily overbought territory according to its 14-week RSI, this break could see the USDZAR testing the R13.20 level over the shorter term. I do think there might be some interim profit-taking and still believe my R13.85 level to remain key. Should the R13.20/USD support level be breached, very much brings the R11.50/USD level back into play.
