USDZAR - Which Way?

Quite possible that a strong Rand could see USDZAR fall as far as 12.25 (intermediate targets at 13.25, 13.00 and 12.80).

With political risks and other factors at play, favour moves to the upside. 15.10 as the main target. 13.85 and 14.10 as intermediate targets

Trade ist aktiv:

Long entry at 13.51. Targets as above

Kommentar:

13.85 intermediate target achieved
14.06 high narrowly missed 14.07-14.10

Upward bias still in place while 13.40 holds

Kommentar:

Rand weaker on negative political developments reaching 14.32 bid

Next up 14.55

Trade wurde manuell geschlossen:

Closed earlier at 14.10 for +59 cents

ZAR looks to be targeting 13.40

Kommentar:

13.40 target achieved

Kommentar:

Weekly close below 13.20 should open the way for 12.80

Rebound of USDIndex from 100 negates