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UnknownUnicorn29454076

USDZAR Going Down—for Now

Short
U.S. Dollar / South African Rand (FX:USDZAR)  
UnknownUnicorn29454076  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Wave Analysis Chart Patterns USDZAR
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trendanalysis waveanalysis chartpattern usdzar
Hello, fellow risk takers.

USDZAR, with a strong positive correlation with USDCAD, has broken and deeply re-tested the ascending trendline of support. We can expect the pair to plunge further in the forthcoming weeks.

Trade well and take care.
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