USDZAR Technical Analysis: Weekly Chart
In the weekly charts, USDZAR is trading in a down channel.
It is trading above 50 days SMA & below 20 and 100 days SMA.
The immediate support is 14.9611 & the resistance level is at 15.3535.
USDZAR is trading in the down channel until there is a trend reversal.
USDZAR Technical Analysis: Daily Chart
In the daily charts, USDZAR is trading in down channel.
It is trading below all SMA.
The immediate support is 15.0123 & the resistance level is 15.2019.
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 15.1409, TAKE PROFIT AT 15.0123 AND STOP LOSS AT 15.2019
