I have not changed the view that the pair is way overdone, and that there will be a large decline coming. However, some very useful comments from viewers, that it is difficult for a decline due to the fact it would hurt the economy etc,
The catalyst for a sharp decline back to 10.50 > 13.75, is at election time results, that may result in changes to the management of the pair by the central bank and government stance. Let's see what will develop.
The catalyst for a sharp decline back to 10.50 > 13.75, is at election time results, that may result in changes to the management of the pair by the central bank and government stance. Let's see what will develop.