#USDZAR Down channel forming
USDZAR has been trading in a defined sideways channel 19,40-17,40 for close to 18 months. Early days, but another down channel looks like it might be forming.
If this is the case, 17,40 could be challenged in coming weeks and a break of the bottom of the the sideways channel at 17,40 could be on the cards.
If this is the case, 17,40 could be challenged in coming weeks and a break of the bottom of the the sideways channel at 17,40 could be on the cards.
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