TradingView
RobbyP
Mar 1, 2023 12:30 PM

SHORT THE DOLLAR- Short

U.S. Dollar/South African RandFXCM

Description

The USDZAR has bumped it's head almost perfectly at resistance and it certainly looks like momentum has shifted. I reckon you can short USDZAR for a move back to at least the 50 day moving average which should scoop you a healthy size profit. Ideally you should be looking to enter the trade at around 18.30. We know how volatile this pair can get. So you should be looking for a target of around 17.45. Happy trading!
More