USDZAR-SELL strategy 3D chart regression channel

9 Jan

The pair has been moving up sharply due to USD strength overall. The USDX (see my other update) shows clearly we may see a downward move on the index, hence all pairs willo be affected, and so will the USDZAR. we are above regression channel, and this usually does not remain as it is, as it will correct likely lower to mid-channel levels.

For now strategy SELL @ 18.8500-18.9500 or higher, and take profit near 18.4750 for now.