USDZAR Medium Term Long Starting to Emerge?

21 באפר׳ 2020

The resistance I've previously mentioned in my analysis has been broken, not decisively, however it's an important time to be watching what price does next. I personally see price retesting the support before it continues on to the next resistance as I've illustrated, I would advise waiting for the retest before getting into a long position as it would mitigate some of the risk should we fall back below the support. Check out my linked ideas to see what I've had to say about the USDZAR for the coming two weeks. Let me know your opinion and if you agree/disagree.