Technical analytics

USDZAR market technical outlook

Daily chart:

So, three-day upward correction is completed and now the pair headways to the downside again in direction of support-zone 14.2698-14.3671 (area of lower Bollinger band).

H4-chart:

We note strong local support at 14.5095 (lower Bollinger band), where an upward bounce may take place.

Daily chart:

Expectations:

Decline to 14.5095 and then rebound to the upside.

Trading recommendations:

  1. Shorts towards 14.5095.

  2. Longs from 14.5095.

New articles