USDZAR Technical Analysis: Weekly Chart
In the weekly charts, USDZAR is trading in an up channel.
It is trading below 20 and 100 days SMA & above 50 days SMA.
The immediate support is 15.0415 & the resistance level is at 15.7126.
USDZAR is trading in the up channel until there is a trend reversal
USDZAR Technical Analysis: Daily Chart
In the daily charts, USDZAR is trading in a down channel.
It is trading below all SMA.
The immediate support is 15.2093 & the resistance level is 15.4141.
USDZAR is trading in the down channel until there is a trend reversal.
How to Trade USDZAR this Week:
USDZAR will follow the downtrend until their trend reversal. So, remain bearish on USDZAR.
TRADE SUGGESTION- SELL AT 15.3167, TAKE PROFIT AT 15.2093 AND STOP LOSS AT 15.4141
