Dollar Tumbles as Investors Turn to Riskier Assets

USD/ZAR:

After sustaining a very sharp upward movement, the technical indicators for this pair are unanimously showing signs of an impending downward correction. There are bearish crosses on the hourly and daily Slow Stochastic, and the price is floating in the over-bought territory on the hourly and 4-hour RSI. Forex traders have a great opportunity to catch this very predictable movement by entering short positions on this pair as early as possible and riding out the fall.