USDZAR Potentila Sell

USDZAR has recently broken structure to the downside after several days of hesitation to further the rising trend. Current price appears to have returned from that break of structure back to a supply zone where the most recent significant structure is a lower high, indicating a change of character to favour the sell side. As price arrives at the supply zone, it appears to contract, - smaller candles, notwithstanding the festive season implications. However also, DXY has recently hesitated with potential weakness to the downside. Understandably, ZAR not being a basket currency may be questionable but nevertheless worth considering as a measure of dollar strength. Considering a short sell on confirmation @ smaller timeframes.