A Strong USD may invite for a Buy trade through the week
U.S. Dollar/South African Rand FX:USDZAR
Well all,
Bullish USD is looking attractive today, the #USDZAR is floating at 13.08362 level today, This is above yesterday’s close , If you bare in mind the strong up Trend as you can see on the chart, and the fact that we received three consequent up days the following Conclusion should be considered,
Conclusion: According to our trend following strategy we may hint for a Buy market through the week ahead..
Note: avoid Short trades on the #USDZAR through the week ahead!