mahuduforex
Short

expecting a restest of support area 14.50000

OANDA:USDZAR   U.S. Dollar / South African Rand
im expecting a retest of the previous support area which will be the 3rd touch to complete price action reversal pattern to the down side. if 3rd touch comes with a break through support, we shall wait for a pullback in the same zone for entry favouring the bearish side. this is all Technical but also considering that SA just won the rugby world cup, the rand is bound to gain some weight thus the making the dollar weaker allowing technical setups to play their role fundamentally speaking.

Comments

you're right. rugby results drive currency markets. any other insights? :)
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