In recent times, the South African Rand has been on the radar of many traders as it gave signs of a polarity change indicating a long term buying of this pair.
As is often seen in the financial market, investors usually want to get the best possible pricing , they always love to have a catbird position as regards their entries. It therefore should not be surprising to expect price to trade towards the building support before the flight to the upside takes place.
Just before Frankfurt close today, the Rand showed its hand in readiness for a decline to 15.4420 from its present trading value of 15.643x
I recommend that traders take advantage of the sell off on this pair.
Have a lovely day everyone.
As is often seen in the financial market, investors usually want to get the best possible pricing , they always love to have a catbird position as regards their entries. It therefore should not be surprising to expect price to trade towards the building support before the flight to the upside takes place.
Just before Frankfurt close today, the Rand showed its hand in readiness for a decline to 15.4420 from its present trading value of 15.643x
I recommend that traders take advantage of the sell off on this pair.
Have a lovely day everyone.
