After the peak reached in the Jan of the 2016 (+150% from 2011) the usdzar has begun to decline down to breach the support provided by the trend line(orange) . The new bearish trend seems very strong currently , with the fast moving average ( green ) below the slow moving average ( red)
This trend should continue in the next weeks , as confirm the MACD oscillator , with the pair in bearish channel provided by the Fibonacci FAN lines
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