Rand closing from target and support zone

Rand closing from target and support zone

Rami
31 (10) 2016 - 10:16 (GMT)
0

USDZAR managed to sustain drop wave after the expected rebound correction that we mentioned in last Intraday report (see here) where market is now closing from target and support zone (13.5000-13.5500) where uptrend line for Intraday-Levels laying there.

As long as market holding trades above support (13.5000-13.5500) another rebound correction will be expected toward (14.0000) while old resistance zone will remain as main resistance at (14.0900).

Below (13.5000) more drop will be expected toward second support zone around (13.2000).

USDZAR

× Article short link: https://ramifx.com/?1GbIro

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 .

leave a comment