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Thoughts on $ZARUSD and that 0.061 resistance
I've been watching $ZARUSD struggle around the 0.061 level for a bit now; seems like every push higher gets rejected pretty quickly. If it can break above 0.06130456 and hold, I'd consider that a significant shift, otherwise, I'm expecting it to retest the lower end of the recent range towards 0.0607.
1 comments · 1 points
It's almost as if the market has a personal vendetta against anyone trying to make a quick buck off the rand. That 0.061 resistance feels less like a technical level and more like a brick wall designed by a particularly grumpy architect.