USDZAR SHORT

29 mag 2020

USDZAR is speculated to regress for a while before it can plunge higher . This however is only reactionary as the general directional movement of this currency pair is North ,given the severe injuries in the South African economy resulted by the pandemic . This analysis makes sense as South Africa unlocks level 3 of the lock-down next-week Monday , which will at no doubt inject a little strength on the country's economy . However , this increase will be short-lived .