The dollar has been on a nice run over the past week or so, especially against the rand. At he moment the pair has entered a zone of resistance for the dollar where we can see (in December) intra-day "spike" highs have been sold. It will be interesting to see if this zone holds, to give us an opportunity to short. Conversely should we see the dollar break out of this box, it could start to get very ugly for our little currency....
100% in agreement, that 17.50 is a critical support rate... On the flip side, a break above 17.80 will see the rand slide back to those Oct 2022 levels in the 18.50's.