USDZMW EXPECTED CORRECTION
COUlD THIS BE THE LAST STOP FOR USDZMW ?
definitively determine whether the recent weakening of the Zambian kwacha against the US dollar represents the final stop or if further depreciation is possible. Exchange rates can be influenced by a wide range of factors, including economic indicators, geopolitical events, market sentiment, and central bank policies.
The fact that there has been a recent drop in the exchange rate from 1 USD to 27.18 ZMW to 1 USD to 26.90 ZMW suggests some volatility in the currency pair. The expectation of a bearish correction for the Zambian kwacha, potentially returning to a support level around 1 USD to 22.63 ZMW in the coming months , could be based on various fundamental or technical analyses.
definitively determine whether the recent weakening of the Zambian kwacha against the US dollar represents the final stop or if further depreciation is possible. Exchange rates can be influenced by a wide range of factors, including economic indicators, geopolitical events, market sentiment, and central bank policies.
The fact that there has been a recent drop in the exchange rate from 1 USD to 27.18 ZMW to 1 USD to 26.90 ZMW suggests some volatility in the currency pair. The expectation of a bearish correction for the Zambian kwacha, potentially returning to a support level around 1 USD to 22.63 ZMW in the coming months , could be based on various fundamental or technical analyses.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.