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MarcoOlevano

#USDZAR needs a close below 18.80 for further strength

Short
U.S. Dollar / South African Rand (FX:USDZAR)  
MarcoOlevano  
FX:USDZAR   U.S. Dollar / South African Rand
Cup And Handle USDZAR
2
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cupandhandle usdzar
USDZAR has held the 18.80 support level for now but the long upper tails over the 19.00 level shows the rand bulls in control of price action for now. A daily close below 18.80 should bring about levels of 18.60 and 18.40. 200dma sits at 18.26 and the pair has a tendency to mean revert back to the 200dma before finding support in the recent past.
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