peterbokma

USDZAR-NEUTRAL strategy update 4-hourly chart

FX:USDZAR   U.S. Dollar / South African Rand
I took profit at 18.5650 and did this due to uncertainties of GOLD correction, when it will happen etc.

For now, am side line and consider NEUTRAL stance for the pair. However, noting we are going negative stochastic, and there is a possibility to move lower to test 18.5150 and maybe even 18.4350. I am not pushing it am careful and prudent.

Will update once I have a strong conviction of what to do next.

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