USDZAR Long Position Long

U.S. Dollar/South African RandFXCM

Description

⋅ Jul 19, 2018 9:06 AM

Due to the strength of USD, ZAR seem to take another blow. As Illustrated in the chart, USDZAR made a nice rally to the upside then later retraced to the 50% fibonacci zone. Now we expect the market to push to the upside targeting a safe R14.20.

Trend Analysis Chart Patterns