In this video, the Trader Guy looks at the USD/ZAR pair for the March 22nd session.
USD/ZAR — The market was doing very little on Thursday session. The Fed caused a little bit of weakness in the greenback on Wednesday and investments flowed towards the emerging economies. The market is sitting on a level, which looks strongly supportive. A break above the top of the candlestick from Wednesday session is bullish, with 14.50 as target. The 50-day EMA crossing above the 200-day EMA is a bullish sign. So, this market looks bullish at the moment, and pullbacks should offer you value.