The USD/ZAR Cconfiguration is very interresting, the price is currently rebounding on the major support of 12.
The probability of a bullish reversal is very high.
The first objective is the hit of the major descending resistance.
If this one is broken, we can easily bet on target 2 and if the 14.5 resistance is broken, the target 3 will become possible.
In case the rebound is not validated we plan a backup scenario with the rebound on 11 level.
The probability of a bullish reversal is very high.
The first objective is the hit of the major descending resistance.
If this one is broken, we can easily bet on target 2 and if the 14.5 resistance is broken, the target 3 will become possible.
In case the rebound is not validated we plan a backup scenario with the rebound on 11 level.