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stickee28913

Short USDZAR - Gold bullish and USD uncertainty

Short
U.S. Dollar / South African Rand (FX:USDZAR)  
stickee28913  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Technical Indicators usdzarshort USDZAR usdzaranalysis
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trendanalysis chartpattern indicator usdzarshort usdzar usdzaranalysis
With gold looking bullish on the daily and broken past the previous resistance alongside the risk of a second wave of coronavirus in the USA. Investors/traders will be looking at the safe haven of gold to see through the storm. USDZAR having a strong correlation against gold should continue the sell off of USDZAR.

Worth noting that Coronavirus has spiked in SA aswelll which will add to the risk of this trade.
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