Timonrosso

USDZAR Looking horrible STILL

Long
OANDA:USDZAR   U.S. Dollar / South African Rand
Thank you for the request
USD/ZAR as previously done the currency pair broke up and out of a Cup and Handle formation and is currently retracing back. However, as long as the uptrend line is still intact the analysis shows bearishness for the rand. Target is still R21.00
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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