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Wichard22

USDZAR struggling in risk off enviroment

Long
U.S. Dollar / South African Rand (FX:USDZAR)  
Wichard22  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis
7
0
trendanalysis
USDZAR is find it self in a narrow R14.30 to R14.50 band, finding support at R14.30 and with the downward channel the USDZAR finds it self in from Sept 2019, the ZAR is trading its self into a wedge formation. With all the risk off sentiment going around and that we can find that we break briefly above R14.50.
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