South-Africa Rand retreat for the second day

South-Africa Rand retreat for the second day

Rami
24 (08) 2016 - 08:32 (GMT)
2

South African bonds plunged the most since December and the rand weakened for a second day after a report said Finance Minister Pravin Gordhan had been summoned by police, raising concern the National Treasury chief may be replaced..... (to see original report from Bloomberg click here)

USDZAR managed to sustain advance toward targets (14.1500) after broke above resistance levels as our previous report show ( for more details click here )

market facing resistance zone at (14.1500-1900) zone , where as long as market holding below another drop correction will be expected toward first support zone (13.8800) which may push for another advance

below (13.8800) more drop may hit the market toward second support (13.6750) before a rebound correction may hit the market

 

USDZAR

× Article short link: https://ramifx.com/?Vv9S7r

Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

comments
Hi rami can I get more of support and resistance for usd/zar please

Christopher

16 (10) 2016 - 11:20 (GMT)
Hi rami can I get more of support and resistance for usd/zar please
Hi Christopher , ya sure, tonight when market open will place new technical view with support / resistance and target , will send u e-mail when done .
Have safe trade my friend

Rami

16 (10) 2016 - 14:17 (GMT)
Hi Christopher , ya sure, tonight when market open will place new technical view with support / resistance and target , will send u e-mail when done . Have safe trade my friend
leave a comment