USD enters resistance zone
The dollar has been on a nice run over the past week or so, especially against the rand. At he moment the pair has entered a zone of resistance for the dollar where we can see (in December) intra-day "spike" highs have been sold. It will be interesting to see if this zone holds, to give us an opportunity to short. Conversely should we see the dollar break out of this box, it could start to get very ugly for our little currency....
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.