USDZAR has broken through the key 15.40 horizontal. After taking profits from my early Feb trade, USDZAR has fallen circa 25c overnight on the big bounce in US equities. I'm using this dip to reload my core long USDZAR view, I am looking for a move to the 16-the-figure zone. Support comes now from the 15.40 horizontal. Re-assess below 15.00.
Trade closed: target reached
Still long this bad boy but I am taking some profits up here, whilst retaining a core long USDZAR possie. I will reload on dips. From here it looks like we will head towards the highs at 16.97 last seen in the Asian session a few days ago.
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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.