USDZAR - Observation
The Rand from resistance against the dollar at the R18.20 level. This also coincides with the rising weekly 50ema.
Above R18.80 (previous week high) , the rand could continue weakening and follow the long-term trend up. (R18.95 next support) .
Alternatively, we continue to range within last week's candle.
Above R18.80 (previous week high) , the rand could continue weakening and follow the long-term trend up. (R18.95 next support) .
Alternatively, we continue to range within last week's candle.
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