FX:USDZAR   Dólar estadounidense/Rand sudafricano
USD/ZAR will have a correction this or next week. Heavy resistance at this level and monthly fib at 15.0267. Market psychology took this pair too highe due to political uncertainty and covid. We are familiar with extended trends with respect to covid. ZAR is heavily correlated with metals and bonds, especially lower yields will be bullish for ZAR, higher base metal value will be bullish for ZAR, but not so much as yields. Technical analysis shows strong resistance and DXY may have a correction soon. Which further supports the claim for bearish USD/ZAR to about 300 pips.
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.