USDZAR Technical Analysis: Weekly Chart
In the weekly charts, USDZAR was trading in a down channel. USDZAR is currently trading above all SMA.
RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 15.6994 & the resistance level is at 16.3350.
USDZAR was trading in the down channel before there is breakout upside.
USDZAR Technical Analysis: Daily Chart
In the daily charts, USDZAR was trading in a down channel. USDZAR is currently trading above all SMA.
RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 15.9739 & the resistance level is at 16.1833.
USDZAR was trading in the down channel before there is breakout upside.
How to Trade USDZAR this Week:
USDZAR will follow the uptrend until their trend reversal. So, remain bullish on USDZAR.
