A chart that many South Africans will be watching with interest. The confirmed break of the inverse H&S in November set up a full target of 17.00. The pair quickly tested 16.30 before consolidating within an asymmetrical triangle. Consolidations are healthy, and will allow USD to gather some steam before next surge higher. However, currently, USDZAR is testing...
DXY has been trading in nice uptrend since beginning of June - Bouncing a number of times off its upward sloping support. Last week Friday saw the massive break through lateral resistance at 97.80 & successfully re-tested and held on Wednesday = bullish. As long as 97.80 holds, the next area of resistance is around the 100 handle. However, through 97.80 brings...
