Welburg_Trading

USDZAR further growth expected towards the end of the week.

Long
FX:USDZAR   U.S. Dollar / South African Rand
After breaking the descending trendline the pair has managed to reach the 61.8 Fib retracement level that is also the 1.00 Fib extension level on the 4 hour timeframe.

We expect a pullback of the pair to 14.64191 (61.8 Fib retracement), after reaching that level further growth are expected towards 15.09195 (1.272 Fib extension).

Good luck and happy trading!
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