The Rand could go to new all time highs next week. USD/ZAR

The South African Rand to the U.S Dollar could very well go to all time highs next week (from a technical standpoint) If the MONTHLY RESISTANCE of 17.8 does not hold, It is vulnerable to a further bullish move.

Looking at a FIB extension on a MONTHLY chart.
Also a possible THREE MARCHING MEN CANDLE STICK FORMATION.

It is also very possible for the pair to bounce back at the RESISTANCE LINE of 17,8 so I'm watching this one like a hawk.

#USD/ZAR
#FOREX