Chart of the day:
The South African Rand against the US Dollar has rallied sharply recently and now looks to have become overbought in the short term, pausing at 13.8/13.9. Target 13.3 on a pull back.
The South Korean Won against the US Dollar extended its short term base but remains in short term downtrend. We note resistance at 1143/1144.
The Pound Sterling against the Euro fails to rally from its 200-day MA to develop its base formation. We watch for a retest of 0.848 for a possible rally.
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