“You must start investing as early as possible. Yesterday was better than today, and today is better than tomorrow. Don’t wait for a significant market drop.” ― Naved Abdali
In agreement on the turn. I shorted at 15.35. Not certain on the lower resistance, though on the 4hr it seems like 15.85 might be the first bounce.
dgoldiner
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what would cause USD/ZAR rally to stop?....looks like some resistance at 15.5 then straight up to above 16
GoodCorp
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@dgoldiner, Interest in yields would cause it to stop, really the same cause for all bearish activity on usd/zar. FOMC spooked the pair, DXY strengthens etc., but in my opinion at these levels institutions are going to be attracted to buying rand again since SA fundamentals haven't changed much during this rally on the pair.