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Marcelle_Nel

Nearing the critical support level for push back?

Long
U.S. Dollar / South African Rand (FX_IDC:USDZAR)  
Marcelle_Nel  
FX_IDC:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Technical Indicators
10
2
trendanalysis chartpattern indicator
The MACD is nearing the upward cross of the MACD and signal lines. RSI just dipped below 30 today and the Fibonacci retracement .618 - .786 will likely give a support line to bounce up from. Perhaps the situation in America with all the riots may suppress the strength of the dollar a few more days / weeks. If this is the case I am looking for an even more pronounced bump back up. Watch this space and see how it unfolds.

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