USDZAR Technical Analysis: Weekly Chart
In the weekly charts, USDZAR is trading in an up channel. USDZAR is currently trading above all SMA except MA (5).
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 17.50000 the resistance level is at 17.7593
USDZAR will trade in an up channel until there is a trend reversal.
USDZAR Technical Analysis: Daily Chart
In the daily charts, USDZAR was trading in an up channel. USDZAR is currently trading above all SMA except MA (5).
RSI is in the neutral zone which indicates neutralness. MACD is currently above zero which indicates bullishness.
Its immediate support is 17.66000 the resistance level is at 17.66600
USDZAR was traded in a down channel before there is a downside breakout.
How to Trade USDZAR this Week:
USDZAR will follow the uptrend until its trend reversal. So, remain bullish on USDZAR
