Fri, 23 May 2014 12:21:03 GMT
USD/ZAR 4H Chart: Channel Down
For a prolonged period of time USD/ZAR was bullish, but it topped out near 11.40 late January and then came under strong selling pressure. As a result, there is a potentially high-quality bearish channel emerging on the four-hour chart.This implies the U.S. Dollar will be capped at 10.44, where the weekly R1 merges with the down-trend resistance line. Additional supply