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U.S. Dollar / South African Rand
Updated

$USDZAR

266
USDZAR

Long term channel held USDZAR at least for now.

Smaller channel made with clear negative divergences.

Looks like USDZAR weakness (great for us in South Africa) is on the card for days to come.
Trade active
USDZAR going to test 14.40 if that is broken next level should be around 14.10

If rising wedge is broken target is low from February 2019 around 13.20.

snapshot
Trade active
USDZAR busy breaking up channel (rising wedge) currently at 14.38 if that happens and we get conformation rand will strengthen over weeks to come

snapshot
ALSITRADER
Also on:
Chart PatternsRANDsouthafricasouthafricanrandDJ FXCM IndexUSDZAR

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Chart PatternsRANDsouthafricasouthafricanrandDJ FXCM IndexUSDZAR
ALSITRADER
Also on:

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.