USDZAR Defined channel

USDZAR has been trading in a defined down sloping channel for since November. Top of the channel was R16,37 and the bottom of the channel was R14,42. ZAR strength I think was mainly driven by a strong commodities run as well as a weakening $. Current price is up against resistance at the R15 level and it remains to be seen if this level will hold, or be broken. If it is broken, then the top of the channel at R16,37 could once again become a target.