USD/ZAR choose your bets - Up or Down? Sadly I say up to R20 :(

USD/ZAR has remained in a symmetrical triangle since January 2023.

This is a consolidation period of neither winning between the buyers and the sellers.

But we are now approaching the apex 3/4s. And a breakout is imminent.

NOw if we look at the pattern, it has a bullish flag pole which is favourable for the bulls to take the USD up to R20.00 against the ZAR.

I hope we broken down below the support which will take it to R16.00. And I hope I am wrong that it will be going to R20,00.

But unfortunately, I can't be biased and it looks like the next target above the resistance will be R20.00.