Sell USDZAR??
October 1, 2014I am looking at USDZAR at potentially a sell at current levels. We are sitting near highs recorded earlier this year, being buoyed on by USD buying and selling of Emerging market currencies. I expect a reversal in the USD, hence am looking at selling this pair with a stop about 10 big figures higher, hence at 11.42. It is overbought on the Demarker and RSI oscillators on the dailies. A chart of USDZAR is found below.
