Still a lot of sellers not allowing pair to break 1.1592 but momentum upwards still alright. I want to be neutral but have buys to close if we see 1.16+.
I reckon the bulls will try to get this pair to break 1.1610 zone then 1.1629, but we might make a small move down before 1.1684. I hope this small move down isn't to below 1.1578 though.
Clapping back at President Trump's antagonistic behaviours towards trade? Interesting move by Canadian PM Trudeau, announced a reshuffle of his cabinet on Wed... He said Jim Carr would become minister of International Trade Diversification... Looks like shots at Trump, not wanting to be his puppet. Further pressed onto the fact that there is a need to move away...
SA rate unchanged at 6.5%... Strange behaviour from this pair but it has maintained a somewhat unstable ascend, I think we will see 14.1xx again and maybe 16 sooner than I anticipate. But it could also play in range of 12 and 14? My sentiment is with no hike, traders are gonna go long and push this up.
