USD/RAND – Warning Level

Last year we have talked about how the trend is positive. Almost a year later nothing have changed much, the USD/RAND is consolidating in a tight range and the volatility is minimum. 7,25 is the key level according to two technical’s elements:

- a descending line of resistance
- the upper weekly Bollinger bands

This level is critical, we will be watching the activity around 7,25. The probability for the rise to continue after this level is significant.

Mots clés Technorati : USD RAND Currencies Bollinger Resistance rise stock market