There is strength in the pair, and USDZAR has come back as well in strength. However, we are near GANN resistance 10.7400 and 10.9200. The stochastic is high 90.0 so I suspect we must carefully continue to SELL the pair. It is difficult to change view point in this case, since we did not correct the pair as yet, as the conditions have not changed technically, is my viewpoint.
Strategy SELL or ADD @ 10.7850-10.8250 and place stop-loss above 10.9750. Profit order @ 10.3250 for now.
Strategy SELL or ADD @ 10.7850-10.8250 and place stop-loss above 10.9750. Profit order @ 10.3250 for now.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.