Quite possible that a strong Rand could see USDZAR fall as far as 12.25 (intermediate targets at 13.25, 13.00 and 12.80).
With political risks and other factors at play, favour moves to the upside. 15.10 as the main target. 13.85 and 14.10 as intermediate targets
With political risks and other factors at play, favour moves to the upside. 15.10 as the main target. 13.85 and 14.10 as intermediate targets
Operación activa:
Long entry at 13.51. Targets as above
Comentarios:
Rand weaker on negative political developments reaching 14.32 bid
Next up 14.55
Next up 14.55
Operación cerrada manualmente:
Closed earlier at 14.10 for +59 cents
ZAR looks to be targeting 13.40
ZAR looks to be targeting 13.40
Comentarios:
13.40 target achieved
Comentarios:
Weekly close below 13.20 should open the way for 12.80
Rebound of USDIndex from 100 negates
Rebound of USDIndex from 100 negates
14.06 high narrowly missed 14.07-14.10
Upward bias still in place while 13.40 holds