RobbyP

brace for ZAR 16.30/$ and beyond

Long
RobbyP Updated   
FX:USDZAR   U.S. Dollar / South African Rand
I'm not much of a FX trader but this set up just looks like the Rand is about to make another run at resistance and then I think we are setting up for a little "blow out". Possibly R17.00/$. I would take a punt here and buy the Dollar for tat at least the first move to R16.30/$.
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.