USDZAR made a near term top amidst universal bearish press coverage both local and abroad late last week .We have moved quickly into fib support which extends down to 9.4200 .This support includes the area of the previous 4th wave triangle shown on chart.This move may be the 1st leg of what will turn out to be a 3 leg correction .So we may get a bounce over next few sessions and than another move lower to complete the correction .I suspect this may take the form of a sideways time consuming market and most of the price destruction is complete.
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