Could this be what I think?
The Rand against the dollar is at it again. Could it be what I am thinking.
- I had though at first, that between R13.28 and R13.38 it was going to bounce back before breaking the support line. Booom, that it's journeying towards the R14 zone. If it continues this way, which I foresee it would over the next few weeks, then the target on the buy against the Dollar would up to between R14.40 and R14.50 respectively.
Note
That is it, the Rand weakened slightly more than I expected, and looking at the rate in which is going and the political climate in SA especially the Land section that is meant to be Amended by the leading political party, there's a low chance of the rand to regain it's strength in the next couple of weeks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.