On a monthly timeframe I see the worst coming for the rand...
The rand has been overall bullish but from the last few years all the bull runs were met by pullbacks ranging around 2 years each. We are currently in a pull back but have just started testing major supportive regions while falling into my cumulative buy area. My first target for the bullish continuation is the 20.59
The rand has been overall bullish but from the last few years all the bull runs were met by pullbacks ranging around 2 years each. We are currently in a pull back but have just started testing major supportive regions while falling into my cumulative buy area. My first target for the bullish continuation is the 20.59
Comment:
After the buy order in the 14.53 area, the dollar/rand is now trading at 15.36 ✅