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ProFX_Strategist
Apr 21, 2016 5:47 AM

ZAR - Heavy like Gold... Short

SWISS FRANC / SOUTH AFRICAN RANDICE

Description

It has already broke-down (through all the supports)... Same thing happened as in EURZAR, USDZAR, & very soon (the same thing is expected to happen) to the JPYZAR as well...

I'm also taking a close look at commodity prices in general, & they all seems to be on a strong rally-upwards at the moment...: I guess that would be greatly strengthening the emerging/commodity currencies...

Other than the precious metals; the following have started their strong rally-up...;

Sugar
Wheat
Corn
Soybeans
Coffee
Cocoa
Cotton

Industrial metals (that are starting strong up-rally);

Palladium
Copper
Platinum
Silver

I'm expecting the NZD & AUD currency to be well supported (by rising commodity prices in general) too...

We need to know the countries import/export which commodity types specifically.
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