The South African Rand - An African Teacup
USDZAR goes bullish towards the median line between the previous resistance and support (around the 13.00000 region).
Scenario 1: The momentum is enough to carry the US DOLLAR upwards to the next Fibonacci line around the 13.45000 region, 7000+ pips upwards.
Scenario 2: The DOLLAR does not have sufficient strength to break through the median line and instead falls back down, completing the historical "teacup".
See my previous USDZAR idea here:
Scenario 1: The momentum is enough to carry the US DOLLAR upwards to the next Fibonacci line around the 13.45000 region, 7000+ pips upwards.
Scenario 2: The DOLLAR does not have sufficient strength to break through the median line and instead falls back down, completing the historical "teacup".
See my previous USDZAR idea here:
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