USDZAR Long - The One to Watch This Week

Long

U.S. Dollar / South African Rand (FX:USDZAR)

FX:USDZAR U.S. Dollar / South African Rand

trendanalysis harmonicpatterns chartpattern usdzarlong usdzar dollarindex

I am expecting USDZAR to break out of its descending wedge formation as a bullish flag and is also oversold on the RSI . US Dollar Index also has an inverse head and shoulders patterns indicating further dollar strength this coming week.

Watch the price action at 17.27500 London open

TP1: 17.500
TP2: 17.72
TP3: 19.95

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