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SteynTrade SteynTrade USDZAR, D, Long ,
USDZAR: USDZAR Where will the Rand go? Slowing down
93 2 15
USDZAR, D Long
USDZAR Where will the Rand go? Slowing down

With the Municipal elections over there seems to be some change in the air. The market seems to be defined by previous market structure and has reached the 61.8% retrace of the previous impulse. With the time running out for the downgrade to junk status for the Rand and a looming USD interest rate hike we may just see the end of the Rand's good run happening soon. ...

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