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.
Transaction en cours:
$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.
If rising wedge is broken target is low from February 2019 around 13.20.
Transaction en cours:
$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