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TheShredded_FX_Trader

Bullish correction USDZAR

Long
U.S. Dollar / South African Rand (FX:USDZAR)  
TheShredded_FX_Trader Updated   
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Beyond Technical Analysis
3
0
trendanalysis beyondta
USDZAR 1 Hour Time Frame

1. Bullish divergence 1HR
2. Break of bullish flag

Daily time frame we have seen a pull back to support which price is currently trading on. Further to any news we should see USDZAR continue its Bullish momentum with first target at the Fibb levels on 1 hour time frame.
Comment:
After failing to break resistance the pair has created a falling wedge pattern. Although there is divergence on the 1-hour bearish momentum could take this pair lower now.
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