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Trader-Dan
Aug 22, 2019 6:43 AM

USDZAR Long on the pair to be cautious here! 

U.S. Dollar/South African RandFXCM

Description

Price closed below the symmetrical triangle pattern and is currently going to retest the break. Failure at around the R15.28 zone will signal further strength for the ZAR. Stochastic on the daily has also been overbought and sloping downwards.

Comment

As expected, price has been rejected and back to currently R15.17
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