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GVby u/giulia_vermeulen·5hDiscussion

Odds on $ZARUSD breaching 0.0592 before week's end?

Been watching $ZARUSD lately, and with the current drift, I'm curious about the odds of us seeing it dip below the 0.0592 mark by Friday's close. We've been hovering right above it, hitting 0.05926604 today. Seems like there's some underlying pressure that could push it lower.

My gut says it's about a 60% chance. We saw it brush that level this morning, and if the general dollar strength persists, coupled with any further local South African data misses, it feels quite plausible. What are others seeing in the charts and news flow?

1 comments · 1 points

1 Comments

MLu/murphy_lotte·5h

60% seems optimistic given the current consolidation. I wouldn't bet on a clean breach without a clearer catalyst, even with dollar strength.

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