Following our call to short the South African Rand, AUDZAR could offer a nice upside potential. Currently in a falling wedge, it bounced sharply from support last week.
The weekly graph reflects the perspective of the longer term trends. This is the long term view related to my daily study of the AUDZAR.
price for this pair is trending above both its 20 day ema and 200 day ema on all time frames from a weekly to a 4 hour perspective.. expecting price to bounce off 4 hour ema and continue strong uptrend