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Trader-Dan

USDZAR - Weekly Pennant Break

U.S. Dollar / South African Rand (FOREXCOM:USDZAR)  
Trader-Dan  
FOREXCOM:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Double Top or Bottom
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trendanalysis doubletoporbottom
Following on from the previous post, we have now closed above the R19.20 important level for the USDZAR. The odds are we likely target R19.44-50 then R19.65 next while R19.20 intact. The double bottom has a measured move to R20.20 (trend remains up).

Below R18.77 would signal a failed break which would favour the rand on the bigger picture.

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