Papache

USDZAR short to medium term buy

Long
FX:USDZAR   U.S. Dollar / South African Rand
The SA reserve bank cut rates by 1%, the lockdown in SA has recently been extended and USDZAR currently coming off a strong daily level, might reach 19 in the short term, also WGBI going to dump massive amounts of SA bonds towards the end of the month so look out for technical signals around that time. Please leave some feedback about any thoughts you have and always practice great risk management especially when the volatility is as rewarding/punishing as it is these days.
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