USDZAR - Do we break the 20ema?
- Overhead resistance capped the move for the dollar and price has now gone to test the 20 day moving average.
- Trend is still intact and this is so far a 'corrective' move.
- ZAR Longs will want to break and hold R17.55 to open a move towards possibly R17.00
- A close above R17.87 could signal further weakness
- Trend is still intact and this is so far a 'corrective' move.
- ZAR Longs will want to break and hold R17.55 to open a move towards possibly R17.00
- A close above R17.87 could signal further weakness
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.
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.