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RobbyP
Jan 10, 2023 1:45 PM

USDZAR- almost time to buy.... Long

U.S. Dollar/South African RandFXCM

Description

I see the USDZAR drifting lower towards 16.75 after the current bounce. From there I think we see more Rand weakness creeping in and potentially breaching the 50 day moving average at around 17.30. I am a buyer at 16.75 for a short term target of 17.30.

Trade closed manually

I'm taking profit here. No need to be greedy!
Comments
Goose96
On point!
RobbyP
@Goose96, Yea! it played out perfectly
Goose96
@RobbyP I missed out on this leg higher but think the pair looks poised for another leg up.
JoeChampion
NIce!
RobbyP
@JoeChampion, Cheers!
Brain_haddin
Best helpful work
dgoldiner
current bounce meaning today?
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