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Nikk225

South Africa Rand ZARusd in pullback mode & clean targets

Short
U.S. Dollar / South African Rand (FX:USDZAR)  
Nikk225 Updated   
FX:USDZAR   U.S. Dollar / South African Rand
Chart Patterns Technical Indicators Oscillators
5
0
chartpattern indicator oscillator
Break below 17.95 will set off further weakness. Target purple dashed line (~1/2 way level).
Note high volume day (red arrow) and what happened to price? Law of #EffortVsResult
Technicals point to continued weakness.
Comment:
Took a lot of heat, but mkt sill is showing likes the low, purple target still holds.
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