USDZAR

U.S. Dollar/South African RandFXCM

Description

⋅ Dec 5, 2021 12:46 PM

Expecting last up for UZAR after pullback in line with DXY. Could be a nice sell from 17$ area.

Comments

dgoldiner

⋅ Dec 5, 2021 3:47 PM

meaning.... you are expecting USD/ZAR to take another leg up to 17? in what time frame? do you not see major resistance around 16.5?

Maxpips

⋅ Dec 5, 2021 4:34 PM

@dgoldiner, yeah i see the 16.5 resistance too, however expect it will end with an ending diagonal and hunt for stop losses before the drop