USDZAR-BUY strategy 3 Hourly chart Reg. Channel

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The pair is still under pressure, and certainly not out of negative territory. I suspect we may test down side further, especially we have moved below 17.8750 area. The channel support is 17.60s and near that level would start considering BUY entry. The indicators are slightly positive, so if one is brave enough perhaps BUY even sooner, but I prefer to BUY lower end.


Strategy BUY @ 17.5975-17.6350 and take profit near 17.9000.

For those wishing to SELL ...SELL @ 17.7500-17.8000 area and take profit near 17.6350.

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