South Africa Rand facing resistance level may hit more drop

South Africa Rand facing resistance level may hit more drop

Rami
21 (10) 2016 - 11:00 (GMT)
0

USDZAR managed to head for rebound correction while market facing resistance zone around (14.0900) which will keep the downtrend wave alive as long as market holding trades below it.

Intraday-Levels showing that as long as market holding below (14.0900) the downtrend wave will sustain toward target (13.5500).

Above (14.0900) a new uptrend wave may control the market toward (14.4200-14.4400).

First support level at (13.9600).

 

USDZAR

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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