peterbokma

USDZAR-SELL strategy 4-hourly chart

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FX:USDZAR   Dólar EUA/Rand Sul-africano
No change in view. I feel we will see lower levels for the pair, as the stochastic is negative and we do have ample room downside. The wide range we currently are in, is between 18.5750 and 18.0000. GOLD is lower, and think we remain around those levels for coming sessions, and therefore we may see lower levels again for the pair.

Strategy SELL @ 18.3500-18.4350 and take profit near 18.1850. SL suggest above 18.5750 for now.

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