JFD_Research

USDZAR - Daily - Watch the levels.

FX_IDC:USDZAR   U.S. Dollar / South African Rand
Trade Alert

So the steep upside support line is broken and we could potentially see a small drop to the downside, especially if we see a break below the 13.604 mark, which could open the door for a test of the 13.407.

Alternatively, for us to take the bullish side, we would need to see a break of the recent high area at around 13.920 in order to consider a further continuation to the upside.

Never forget to place your SL.

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