Rand has been well contained between 18.50 and 19.05 over the last week. I'm guessing the range has been chopping up a number of people playing for a breakout. I'm flat here but will be keeping an eye for a decisive breakout of either side before the next play. The other pattern I have noticed lately is USDZAR weakness during the SA session and USDZAR strength during the US/overnight session. That's an interesting dynamic we'll have to keep an eye on.
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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.