USDZAR Chart 3

USDZAR - Excellent Long Term
Short Opportunity

USDZAR - Excellent long term short opportunity by DanV on TradingView.com

8 July 2013

Updates and comments

It would seem that this pair has completed the upside retracement in abc zigzag with 2/3rd of the last major decline and other fib confluence and accompanied RSI divergence. Small position could really work out even though there is wide spread, long term move would justify and have interest rate differential work to your advantage. Target is to at least retest the 2011 low and may even form new lower low.

Another reason why the DXY Index could have formed a major top.

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