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channeltrader
Jun 24, 2014 12:31 PM

USDZAR - Some great pips on the tables Short

U.S. Dollar/South African RandFXCM

Description

Long term view of this pair. Sell on a retracement to 10.6222 targeting 9.72390.

Short conviction is that the breakout from the upper channel crossed below its 50% mark. So assuming that the retracement to this 50% level will hold, it should pave way for further downside moves.
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