rand sustain advance against Dollar

rand sustain advance against Dollar

Rami
01 (11) 2016 - 09:27 (GMT)
0

South Africa Rand managed hold strength against US Dollar where USDZAR managed to hit below support (13.5000) which may place market under new downtrend pressure, while chance for rebound correction may be restricted by (13.6600-13.7000) resistance zone before downtrend movement continue.

As long as market holding below (13.7000) the downtrend wave will sustain toward (13.2000-13.2200) zone within Intraday-Levels.

While above (13.7000) market may add more advance where another resistance set at (13.8200-13.8500) zone before market resume advance toward (14.000) zone.

USDZAR

× Article short link: https://ramifx.com/?y4Nq7e

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