USDZAR Triple Bottom

2019-12-05 12:38:36

USDZAR is trading within a triangle pattern and has been trading down into a strong support zone. We could anticipate a bullish reaction from this zone and look for long setups once confirmed however, if price breaks lower we might see a drop in price to weekly lows on trendline support. Price is yet to make a significant lower low so bias is still bullish.