Due to the strength of USD, ZAR seem to take another blow. As Illustrated in the chart, USDZAR made a nice rally to the upside then later retraced to the 50% fibonacci zone. Now we expect the market to push to the upside targeting a safe R14.20.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
