Where the rand is heading right now

[BusinessTech]

Where the rand is heading right now

The South African rand hit its weakest level in over a year this week, on the back of a stronger dollar and US inflation numbers.

 

[agentrfr]

NOT ADVICE:

I dunno hey, hecka lot of resistance at R16.00

Cent re of gravity for two impulses all around the R16, plus the resistance from mid 2016. There will be a lot of short stops at R16

 

[DreamKing]

Where the rand is heading right now​

south pole...

 

[B-1]

NOT ADVICE:

I dunno hey, hecka lot of resistance at R16.00

Cent re of gravity for two impulses all around the R16, plus the resistance from mid 2016. There will be a lot of short stops at R16

View attachment 1200596

The problem with that resistance is that when it breaks through its going to do it properly.

 

[RedViking]

Yeah, got a nice couple grand extra this month due to the weak rand (getting paid in dollars).

But food prices, rent, petrol everything goes up at the same time. So it just balance out again.