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RudiMarin

AUDZAR to bounce from LT channel Middle line?

Long
AUSTRALIAN DOLLAR / SOUTH AFRICAN RAND (FX_IDC:AUDZAR)  
RudiMarin Updated   
FX_IDC:AUDZAR   AUSTRALIAN DOLLAR / SOUTH AFRICAN RAND
AUDZAR
5
0
audzar
Following our call to short the South African Rand, AUDZAR could offer a nice upside potential. Currently in a falling wedge, it bounced sharply from support last week.
Comment:
Price is bouncing higher, targetting the top line of the downward channel. I'm looking at a possible break of this channel.

snapshot
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