Bearish trend on this pair, we are however still waiting on a third touch on the trendline.
A retest to take place, after which a huge spike to R15,65 will take place.
SA has elections coming down on the 8th of May, together with a big increase on the local price of fuel in country - This will in the end result in a higher price for the USD, since ZAR will weaken.
A retest to take place, after which a huge spike to R15,65 will take place.
SA has elections coming down on the 8th of May, together with a big increase on the local price of fuel in country - This will in the end result in a higher price for the USD, since ZAR will weaken.
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