Mon, 30 Dec 2013 09:16:26 GMT
USD/ZAR 1D Chart: Channel Up
Since June of 2012 USD/ZAR has been consistently trading within two rising trend-lines, thereby forming a 400-bar long channel up pattern. At the moment the currency pair is moving away from the lower boundary of the figure, which is currently reinforced by the 200-day SMA, towards the upper one at 11.0129. In order to reach this mark the price will