USDZAR testing upper end of the wedge & 50DMA

U.S. Dollar / South African Rand (FX:USDZAR)

Updated

FX:USDZAR U.S. Dollar / South African Rand

USDZAR testing upper end of the wedge as well as the 50 day moving average. Important that price holds below this 14.25-14.26 level in order to prevent a breakout of this wedge which has significantly higher targets.

Comment:

Looks like we are seeing the second consecutive close above the wedge breakout. First target 14.80 - 15.00 and then a full target from the wedge breakout +- R16.00

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