TraderSQUAD
Long

USDZAR Medium Term Bullish

FX_IDC:USDZAR   US DOLLAR / RAND
USDZAR             Daily Chart with buy order blocks marked in yellow. Original analysis; 8am Monday 16 May as preparation for a CNBC Africa appearance.

5th wave targets 18.75 (20.09 in extension). Requires break of 16.97. Until then expect the 14.00-17.00 range to play.

Price is extented at current levels (15.60) and 14.80 would present a good buying opportunity.

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