The rand has reached a previous important level and swing high of R16.30-33
A break through here could send it to R16.72 initially and open the gates to a bigger flag breakout. Movements on global markets and the the dollar will be key to directing the next move. Minor resistance at 16.15 / Major R16.00
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
A break through here could send it to R16.72 initially and open the gates to a bigger flag breakout. Movements on global markets and the the dollar will be key to directing the next move. Minor resistance at 16.15 / Major R16.00
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
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.
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.