SOUTH AFRICAN RAND STRUCTURE ANALYSIS|

6 ott 2020

USD_ZAR IS TRADING IN A FLAG/TRIANGLE
FUTHER MOVEMENT WITHIN THE TRIANGLE IS EXPECTED UNTILL THE BREAKOUT

Given that I am bullish on the Dollar and considering the situation in South Africa,
I expect the breakout upwards, as when the Dollar strengthens properly,
the weakest currencies fall first and faster than others.
And Rand is super weak.

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