ZAR holding for the moment
Weekly Chart
Resistance, the 200 dma just above the weekly candle's wick.
Support, the candle of 11.6.2018 lower wick most prominent
and a trendline. The 20 & 50 dma in support too. Historically
the range around 13.00 has been visited various times.
Increase in the unemployment numbers as expected did not
influence the ZAR any further.
Longer term view, the ZAR is going to get weaker.
Resistance, the 200 dma just above the weekly candle's wick.
Support, the candle of 11.6.2018 lower wick most prominent
and a trendline. The 20 & 50 dma in support too. Historically
the range around 13.00 has been visited various times.
Increase in the unemployment numbers as expected did not
influence the ZAR any further.
Longer term view, the ZAR is going to get weaker.
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