Now this is by no means financial advice but mere analysis. When I saw price break the Daily Support at 17.63 , my immediate anticipation was we’re going lower.
Depending on what happens today at the Daily Support & Resistance (16.95) I believe it will reject and hold around that area for a while or it could right off break through and right for 16.4
Nice bearish engulfying on USDZMW, I expect the Zambian Kwacha to appreciate even further as the US dollar weakens.
See my Fisrt call on buying some Kwacha and Selling the dollar here.
