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theRaggy

USDZAR approaching resistance

Long
U.S. Dollar / South African Rand (SAXO:USDZAR)  
theRaggy  
SAXO:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns breakout approachingresistance Fibonacci Retracement USDZAR usdzarlong USD Forex Bullish Patterns LONG
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trendanalysis chartpattern breakout approachingresistance fibonacciretracement usdzar usdzarlong usd forex bullish long
USDZAR perfectly hit the 50% fib retracement level following a breakout from a minor upward channel.
We are forming a bigger wedge which I believe will result in USDZAR's next target to be $17.00.
I remain a long term bull on USDZAR.
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