USDZAR might head downUSDZAR seems to consolidate on resistance now
It might drop to the psychological level of 13.000
In next 2 weeks
Be careful in trading this pair, its very dangerous
It can make you lot of money and it can take you lot of money
Trade with proper RM/MM and money Management
Good luck guys
USD-ZAR
USDZAR BuyFinally the bounce up I've been waiting for several weeks now. Going long with TP near 15.000 after the S&P downgraded South Africa's debt to junk status.
www.dailyfx.com
D:
W:
Confidence: A (with USD index chart beginning to show signs of recovery and weaker ZAR after the downgrade, technicals aligned with fundamentals and sentiment)