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Hi Traders,
Let's take a look at USDZAR which is US Dollar vs South Africa Rand chart and price.
My view is USDZAR is hit the highest level it could go for this week as it is below the descending resistance levels.
I took at SELL position at 13.57 and targeting the levels of 13.30 with a Stop Loss at 13.84.
Anticipating the trade will hit target this few days before the month's close.
Attached is the chart of USDZAR on the Daily timeframe.
Let's take a look at USDZAR which is US Dollar vs South Africa Rand chart and price.
My view is USDZAR is hit the highest level it could go for this week as it is below the descending resistance levels.
I took at SELL position at 13.57 and targeting the levels of 13.30 with a Stop Loss at 13.84.
Anticipating the trade will hit target this few days before the month's close.
Attached is the chart of USDZAR on the Daily timeframe.