South Africa Rand sustain advance against Dollar

South Africa Rand sustain advance against Dollar

Rami
06 (09) 2016 - 09:47 (GMT)
0

After the USDZAR managed to jump above (14.3000)  the pair sustain advance toward (14.7500) zone where we expected bigger advance toward (14.9500) as our last report show (see here).

Market retreat again below (14.3000) which placed the pair in risk for farther drop to test support zone (13.8800-9000) for the coming Short-Run.

As long as market holding below (14.4000) more drop will be expected toward (138800-9000) before we may expect another rebound from there toward (14.4000).

USDZAR

× Article short link: https://ramifx.com/?JRsL4r

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 .

leave a comment