brace for ZAR 16.30/$ and beyond

I'm not much of a FX trader but this set up just looks like the Rand is about to make another run at resistance and then I think we are setting up for a little "blow out". Possibly R17.00/$. I would take a punt here and buy the Dollar for tat at least the first move to R16.30/$.

Trade stängt: målet nått