AndreKlynsmith

USDZAR | ZAR will strengthen against the US$

Long
FX:USDZAR   U.S. Dollar / South African Rand
The pair has generated a bearish wedge in the resistance zone , the persistence in the press that the dollar is very strong and will continue to be, makes it more likely that a technical correction will occur, and that this will allow the pair first go back to 13.40 and then to 13. Each time the pair reaches 13.90 it is rejected, even producing a false break last week.

This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative information .

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.