Tue, 13 May 2014 13:21:12 GMT
USD/ZAR 4H Chart: Falling Wedge
There is a clear indication of the strong downtrend on USD/ZAR, as four consecutive fresh highs was each lower than the previous one. Moreover, just recently the pair has penetrated an important support level at 10.310, meaning bears are not ready to take a pause yet. Market sentiment is slightly bearish as well, while technicals are either neutral or sending