Bullish correction USDZAR
USDZAR 1 Hour Time Frame
1. Bullish divergence 1HR
2. Break of bullish flag
Daily time frame we have seen a pull back to support which price is currently trading on. Further to any news we should see USDZAR continue its Bullish momentum with first target at the Fibb levels on 1 hour time frame.
1. Bullish divergence 1HR
2. Break of bullish flag
Daily time frame we have seen a pull back to support which price is currently trading on. Further to any news we should see USDZAR continue its Bullish momentum with first target at the Fibb levels on 1 hour time frame.
Commentaire:
After failing to break resistance the pair has created a falling wedge pattern. Although there is divergence on the 1-hour bearish momentum could take this pair lower now.