USDZAR looking for a pullback?

It seems that fundamentally all the fallout in South Africa is priced into the currency and the renewed risk off fears in the market around the corona virus has caused the latest sell of in USDZAR. It seems that the numbers have stabilsed for now and with exporters continuing to sell on the upticks above R15.00 we could possibly see USDZAR retrace to around the R14.70 levels. If one looks at the current momentum we can also see marked in the orange circle that it is also topping out. Importers must make use of the levels towards R14.70 to cover, as we still have budget risk later in Feb.