Unum flash note on the USDZAR from our Trading Desk analyst, Lester Davids.
Chart 1: USDZAR: We currently trade just below the R14.25 resistance, with the Rand having gained on a weaker USD. The monthly chart shows this to be the top of the bull flag/channel.
Chart 2: Another view (again the monthly chart), shows the potential start of a "right shoulder" of a long term inverse H&S formation.
support and resistance levels from the bank analysts (Investec) this morning confirm these ranges (R1 14.2430, S1 14.15)
Chart 1: USDZAR: We currently trade just below the R14.25 resistance, with the Rand having gained on a weaker USD. The monthly chart shows this to be the top of the bull flag/channel.
Chart 2: Another view (again the monthly chart), shows the potential start of a "right shoulder" of a long term inverse H&S formation.
support and resistance levels from the bank analysts (Investec) this morning confirm these ranges (R1 14.2430, S1 14.15)
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.