In this video, the Trader Guy looks at the USD/ZAR pair for the December 17th session.
USD/ZAR — The dollar initially rallied during the session on Thursday, but then rolled over. This market continues to experience selling pressure. Positive headlines on stimulus talks in the US will see this pair fall down. The 14.0 0 level will be your target to the downside. The 50-day EMA will likely cap rallies and rallies are your selling opportuniites on signs of exhaustion.
AUD/USD — The Aussie looks resilient at the moment. So, pullbacks should continue to offer buying opportunities. The area below the 0.7500 level is supportive. The 0.7750 level is seen as the next target to the upside.