Possible USD/ZAR Wedge breakout and retest of major resistance
We are approaching the support around 17,25 and could see a breakout from the descending wedge before the pullback to the mid 15s again
Just an idea, with the country lowering the lockdown to Level 3 on 1st June, we can expect a major bearish pattern to occur in upcoming days, where the 15,50s can be expected within next 2 weeks again
This is just my opinion, and not to be taken without your own strategy and trading plan, it is merely what i predict may happen at the breakout
Just an idea, with the country lowering the lockdown to Level 3 on 1st June, we can expect a major bearish pattern to occur in upcoming days, where the 15,50s can be expected within next 2 weeks again
This is just my opinion, and not to be taken without your own strategy and trading plan, it is merely what i predict may happen at the breakout
Comment:
Trade still active