Peet_Serfontein

USDZAR: some rand strength on the horizon?

Short
FX:USDZAR   U.S. Dollar / South African Rand
A BEARISH bias (rand strength) is applicable below 15.14.
Trade setup probability: -41%. Target: 14.99. Stop-loss: 15.23.
Downside price momentum supports the bearish trend. RSI is at 53 – leaving room for further downside price potential.
Look at the MACD!

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