Currently, the rand is obeying the 1d trendline. My belief is that the market has priced in a better than expected outcome for phase 1 rollout of US-China trade deal.
The fact that the rand closed above the R.14-70 level, combined with the 3 dive pattern on the 1d chart makes me believe that we are in for a bounce towards R.15-00
The fact that the rand closed above the R.14-70 level, combined with the 3 dive pattern on the 1d chart makes me believe that we are in for a bounce towards R.15-00
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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.