USDZAR - Rand looking to weaken towards R15 zone
- Falling wedge off a rising 200ma
- Close above previos day high will confirm
- Financial stocks seemed to have started pricing in the move yesterday
- Close above previos day high will confirm
- Financial stocks seemed to have started pricing in the move yesterday
Note
Price failed to breakout from the falling wedge with conviction , still bearish on the rand .Trade closed: stop reached
Price invalidated the structure and has broken below 200ma
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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.