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USD/ZAR outstripping broader bid for the Greenback

  • Pair breaks 50% retrace Mar/Apr decline at 2.1100, target 61.8% 12.2079

  • Mar 31 high 12.2290. Feb retail sales due Wednesday f/c a healthy 2.2% yy

  • 21-DMA @ 12.0143 now set to underpin 

 

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