It seems the finance minister has been abruptly removed. Replaced with a little known politician. The rand seems to have dropped significantly, more so than reasonable and so I would say its devaluation is overstated. The fundamentals remain the same.
If this bearish Cypher pattern is formed, we have a good short opportunity which would also provide a good positive swap.
Weekly trend is also bearish.
For more details on Cypher patterns, see Nico_Muselle's related idea below
