USDZAR has been trading in a bearish parallel channel and is touching the top resistance of channel. Will it break?
The momentum looks strong and candlestick is the prove. Only if it manages to break the horizontal highlighted area then one can enter long in here.
Alternatively rejecting from the top will result in pressure.
Trade your levels accordingly.
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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.
Related publications
Disclaimer
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.