Bounce back toward R.15-00 ...
2019-11-16 16:02:20
Currently, the rand is obeying the 1d trendline. My belief is that the market has priced in a better than expected outcome for phase 1 rollout of US-China trade deal.
The fact that the rand closed above the R.14-70 level, combined with the 3 dive pattern on the 1d chart makes me believe that we are in for a bounce towards R.15-00