I've sold the break of the recent daily trendline. Looking for a move to 17.85 and then 17.60. MPC tomorrow could pose some event risk and if there is a deeper than expected cut we could see a little pop higher in USDZAR so be careful. My average is around 18.30 so my stop is through 18.50.
Trade closed: target reached:
Taking profit here as we dip below 17.55.