NOKZAR- SELL strategy 4-hourly
The cross suggests that ZAR will strengthen further, and within the channel (down ward) the support lies somewhere 1.7600 which means we see USDZAR around 10-15 big figs lower, and to a lesser extend the USDNOK.
So strategy is SELL USDZAR somewhere between 17.8300-17.8800 and take profit @ 17.6500 area. The USDNOK may drift lower to below 9.8800 area, is my personal view.
So strategy is SELL USDZAR somewhere between 17.8300-17.8800 and take profit @ 17.6500 area. The USDNOK may drift lower to below 9.8800 area, is my personal view.
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