Tuesday 26 February 2013

USDZAR approaching a major low


 USDZAR looks to be finishing off a correction that should lead to renewed ZAR weakness .Assuming we bottom in this area (8.7000 the 0.618% level would be the maximum probable downside) targets would be 9.5100 (where wave 3 would equal wave 1) but more probably 9.9800 (where wave 3 would be 1.618*wave 1)

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