USDZAR Where will the Rand go? The rand strength is over

10 de set. de 2016

I did not update last week but the previous week was looking for a consolidation or completion of the ABCD pattern (see links below for previous evaluation). The outcome was a consolidation. So now my view is that we will se some further consolidation next week around the yearly PP and previous important structure at just above R14/USD. But the following week could see a dramatic impulse move first targeting levels around R18/USD and then possibly higher.