USD/ZAR is consolidating above the 200-day moving average and a break below it would see wedge support at the 14.8800 level, which is the 50% retracement of the June 2021 lows to the November 2021 highs. A break of the 50% retracement and 200 dma would allow for a move back towards the 14.5000 then 14.0100 levels. The RSI is coiling and looking for a breakout to help confirm direction too.
Chart Of The Day: USD/ZAR
