USDZAR | Channel Breakout?

U.S. Dollar / South African Rand (OANDA:USDZAR)

OANDA:USDZAR U.S. Dollar / South African Rand

Chart Patterns Harmonic Patterns Trend Analysis USDZAR usdzarshort usdzarlong usdzaranalysis

chartpattern harmonicpatterns trendanalysis usdzar usdzarshort usdzarlong usdzaranalysis

USDZAR is trading in a bearish parallel channel, making lower highs and lower lowa, confirming a bearish trend. It has a watchout level of 15.50800. If it manages to break above it we are in bullish trend and one can take long position.

Trade your levels accordingly.

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