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Trader-Dan
Nov 13, 2020 5:28 AM

#USDZAR - Observation 

U.S. Dollar/South African RandFXCM

Description

- The USDZAR bounced off an important resistance - turned - support zone around R15.20

- This will be the area to break for any further gains to be made for the ZAR. A move back to the top of the falling wedge might give another opportunity to short the pair


- Currently no position

FX:USDZAR


-- MANAGE YOUR RISK - -

Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Comments
sihlethushini3
Great analysis! I have the exact same..
Trader-Dan
@sihlethushini3, Awesome!
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