USDZAR Channel Down intact. More selling to come.
The USDZAR pair has been trading within a Channel Down pattern since April and currently is more than half-way through its latest Bearish Leg. Technically it resembles the Bearish Leg of May, which completed a -7.00% decline in the pricing of its Lower Low.
As a result, our short-term Target on this pair is 17.500 which is slightly less than -7.00%, near the Support 2 level.
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As a result, our short-term Target on this pair is 17.500 which is slightly less than -7.00%, near the Support 2 level.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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