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DNP-FX
Nov 23, 2022 10:45 AM

USDZAR 23rd NOVEMBER 2022 Short

USD/ZAROANDA

Description

Investors tend to be side-lined ahead of the minutes of the US central bank's (The Fed) FOMC meeting and the thanksgiving holiday. The weakening of the dollar was supported by the return of risk on sentiment.
USDZAR breakout daily support from bullish channel pattern. A bearish trend has the potential to occur in the next few days.
Comments
UnknownUnicorn15614419
thank you
DNP-FX
@TradingStat @TheFxAce you're welcome! hope this analysis can help you
dgoldiner
right...once it failed to bounce off the support it is straight down to 16.15
DNP-FX
@dgoldiner, down to 16.15, i agree with you
TheFxAce
thank you 🙏
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