USDZAR had an absolute spike since this year starting and now considering the FED's interest rate decision and economy slowdown, it is expected to retrace a little before beginning the bull move again. Please find the chart analysis,
Monthly chart:
- Since 2011, the bull has started it's run in nice range and in 2015 it was more than a bull but a spike.
- As chart shows a long downside red candle which is almost a doji, it is expected to be a sign of retracement. Because every bull move needs a …
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