The South African Rand.
Good evening all,
Sorry for not posting since last weekend, but amoungst other things I have had power cuts this week and so although NFP is out tomorrow and it is Good Friday, I still thought for the more aggressive traders out there that the ZAR was worth a look at.
Although this has been in a wide range since mid October it is currently nearing the low of that range and with all trends down may possibly have the strength to break this range but be aware of the figure areas('000' and '0000') and previous support of August 08.
If these were to break then the next support could be seen at around the 6.5000 area.
I am not saying it will break but should it happen then a trade can be taken accordingly.
As always please ensure to do your own analysis before taking any trade.
Charts courtesy of AdavncedGet.
Good luck and have a great Easter weekend.