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Shingi_Lesetedi

USDZAR might find support in bullish channel

Long
U.S. Dollar / South African Rand (FX:USDZAR)  
Shingi_Lesetedi  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Technical Indicators
8
0
trendanalysis chartpattern indicator
Price is currently holding support at a key flip zone that has served as support and resistance in the past. Price is however still consolidating within a triangle pattern. If we get good price action we might see a rise to the resistance zones marked in the distant future. The TDI indicates a bullish bias but we might see consolidation as price is near the 50 level.
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