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Finally the rand is heading downwards into our Fibonacci zone. There, I have highlighted the key price on R14.87 where i see the rand retesting that level again which we last saw the market retesting earlier this year on 02 February 2020.
i see the price hitting that price again, and then we will wait to see how the price react in the zone....however, my bias is that the price will ascend again towards R16 before month end... But then, always keep in mind that the market is always right...i am about reacting, all the time!
Cheers
Finally the rand is heading downwards into our Fibonacci zone. There, I have highlighted the key price on R14.87 where i see the rand retesting that level again which we last saw the market retesting earlier this year on 02 February 2020.
i see the price hitting that price again, and then we will wait to see how the price react in the zone....however, my bias is that the price will ascend again towards R16 before month end... But then, always keep in mind that the market is always right...i am about reacting, all the time!
Cheers
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