USDZAR further growth expected towards the end of the week.

After breaking the descending trendline the pair has managed to reach the 61.8 Fib retracement level that is also the 1.00 Fib extension level on the 4 hour timeframe.

We expect a pullback of the pair to 14.64191 (61.8 Fib retracement), after reaching that level further growth are expected towards 15.09195 (1.272 Fib extension).

Good luck and happy trading!