ZAR stronger
Last week, ZAR opened at R15.22, closed at R14.71
Technical resistance at FIB ratio 50% R14.63 (range: R17.76 (Jan 16) to R11.51 (Feb 18))
with the 50 SMA at around R14.32.
We are 8/24 weeks into a new Cycle looking for a Low.
Previous Cycle Low was around R13.82
Technical resistance at FIB ratio 50% R14.63 (range: R17.76 (Jan 16) to R11.51 (Feb 18))
with the 50 SMA at around R14.32.
We are 8/24 weeks into a new Cycle looking for a Low.
Previous Cycle Low was around R13.82
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