USDZAR to RETRACE TO 61.8 LEVEL....THEN CARRY ON UP TREND

U.S. DOLLAR / SOUTH AFRICAN RANDICE

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⋅ Mar 18, 2017 6:42 AM

The Rand will retrace to 12.25 to 12.35 then bounce off the 61.8% level.

The South African local political situation also offers lots of scope for volatility as well as a long term depreciating currency.