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USD/ZAR lower in line with broader position driven dollar decline

  • South Africa's Eskom expands power cuts for 6th day

  • UASA union to oppose job cuts, bearish breaks into daily cloud

  • Cloud base at 11.8903, Apr 16 low at 11.9380 and Apr 10 low at 11.9300

  • Break opens Apr 6 low at 11.7905 but risk/reward currently suits dip buyers

 

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