USDZAR-USDX SELL strategy 2D chart

٨ يناير

The USDZAR as well USDX (and USDCAD not shown) all have something in common. they are over extended (ZAR lesser), but the picture paints a thousand words (famous song). The overall direction feels we see lower USD, and even though on a day to day basis one observes tug of wars, the direction is likely lower for USD.

Strategy SELL USDZAR between 18.7500-18.8750 and take profit near 18.4350 for now.