KoosKanmar

USDZAR SA economy is dodging bullets

Long
OANDA:USDZAR   U.S. Dollar / South African Rand
USDZAR tested the inverted head and shoulders neckline on 5-6 October
If this neckline breaks, the target is 21,17.
That means more fuel & food price hikes.
With interest rates looking set to continue rising into the future, SA consumers is in for
a hard landing.

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