My target range for the pair remains at 13.18-13.20. If we assume that wave 5 will be equal in length to wave 3, the pair could however drop as low as 12.75...
Fundamentally, the commodity cycle looks far from over which is rand supportive as the rand is a commodity currency (particularly industrial- and precious metal prices).
Fundamentally, the commodity cycle looks far from over which is rand supportive as the rand is a commodity currency (particularly industrial- and precious metal prices).