We are still seeing bullish momentum in the markets as kwacha is still loosing value againt the dollar, fundamentally/ economically the kwacha isn't performing well due to lack of proper economic activities in Zambia we will continue to see kwacha depreciate as there is a debt criss in the country and the government as of now is running low on reserves as they can only depend on the debt relief in order to keep the economy running smoothly as of 20th november bloomburg published that zambia's dollar debt plunged after official creditors co-led by China and France rejected a revised bondholder restructuring proposal, stalling the revamp of $3 billion of outstanding notes. This caused the kwacha to weaken as this will cause an economic HAULT on zambias economy as of now $1 to kwacha is at K23.84 against the dollar, so long creditors do not accept the revised bond proposal we might keep seeing it rise, technical analysis shows us a possible reversal in price might take place at MARKET PRICE K25, based on our technical speculation we might see price form some liquidity at that price as seen on our trend line and we expect price to to sell till k20 kwacha againt the dollar where we expect it to stabalize there for a while till proper economic polices are put in place.
