Peet_Serfontein

USDZAR: some rand weakness until elections?

Long
OANDA:USDZAR   U.S. Dollar / South African Rand
A price action above 18.95 supports a bullish trend direction.
Further bullish confirmation for a break above 19.20.
The target price is set at 19.50.
The stop-loss price is set at 18.70.
Remains above its 200-day simple moving average supporting a bullish underlying trend.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.