USDZAR Long to continue a while longer?

16. Apr. 2020

There is some consolidation happening around the current zone, however there has been no strong bearish rejection from the zone as yet and no worrying divergence happening at the moment. The turnaround could still happen and the turnaround line I've drawn in represents the point at which I'd close my long position (temporarily) should it be broken by the breaking rule. Otherwise I still have my sights set on R19 to the dollar. Unemployment claims happening today could affect this position so I'm watching rather carefully. Let me know what you guys think.