I'm small short USDZAR from yesterday morning... just trying to play the 16.50*17.50 range that is containing the pair for now. The only thing I'd point out is that 17.50 is huge resistance. We have tried there several times and failed. For now though, risk is rallying and if this persists we will grind lower to the 16.50 zone. Keeping it light & tight - good luck!
Trade closed: stop reached:
Squared up here. We seem to be struggling to go lower. SA Bonds are under pressure and that's keeping a bid on USDZAR.