South Africa Rand may sustain trading zone

South Africa Rand may sustain trading zone

Rami
25 (10) 2016 - 10:26 (GMT)
0

USDZAR managed to head for another low below last week low while market facing support zone for Intraday-Levels at (13.7200-13.7500) where as long as market holding trades above this zone a chance for trading zone to hit market with rebound correction toward (14.0200-14.0400) within Intraday-Levels.

From that zone the downtrend pressure may back to affect market toward Short-Run targets (see here) where as long as market holding trades below resistance (14.0900) the short-run target will sustain.

Below (13.7200) this trading zone may be busted where the chance will be for continues drop toward (13.5500) target.

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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