USDZAD LONG - PRICE HAS REACHED WEEKLY TREND LINE AND SUPPORT!

Long

U.S. Dollar / South African Rand (FX:USDZAR)

FX:USDZAR U.S. Dollar / South African Rand

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Price has been moving with strong bearish momentum on the weekly chart since we broke out of the support area in early November. We have now reached previous weekly support and a weekly trend line and if we see a strong shift from the bears to the bulls we could start to see the overall bullish trend for USDZAR start to resume again and give us a swing to test the previous support, now turned resistance that we broke out of in early November.

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