TCMTrader1

USDZAR - Complex Combo Correction

Short
FX:USDZAR   U.S. Dollar / South African Rand
We are seeing the Rand almost at completion of an extremely complex combo correction in what looks to be a triple zig zag.

Invalidation of this XX wave above the blue line as it cannot go higher than the previous x Wave.

With all of the uncertainty surrounding the country and government , I am unsure as to what the Catalyst from a FA point of view will be to be attributed to a drop down to the 13.11 range.

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.