Look closely at the rising trending channel, you will notice that there is a spring, 2bar reversal and shortening of the thrust....Buyers are now taking over.
Check Out All My Previous Post About USDZAR.
God is good all the time,My analysis was successfully.
Let chill and enjoy the profits,Non Farm Payroll is coming up on Friday.
Let be ready to prepare it.
These coming week, Am expecting a retest of 18.30,before we go up to 18.65 or else the price will do easy of movement to reach 18.65.
Let all have a profitable week guyz.
#usdzar
#traders
Buyers are in control, As you can see on the charts,There is Shortening of the thrust,Spring dips below support and close near it high.
Volume substantially less than the volume where support first occured.
#USDZAR
🔼If the price breaks above the descending trendline and the 1950.00 resistance level, it will move to 1980.00.
🔽However, if XAUUSD loses momentum and declines below the support trendline and 1935.00, it may fall to 1925.00.
Be patient, wait for a breakout, and make informed decisions!
