Hi everyone this is my local currency Technical analyzes and graph prediction i could work out based on past trends for a future prediction.
If you look at the kwanza just based 2022 and 2023 we can all see that it is consolidating now and my prediction for the next 6 months is that in January 2024 we gonna see another peak with 1$ being worth about 1067 kzs and...
The kwanza is heavily dependent the price of oil, it was the best performing currency against the dollar since 2020 (due to the rise on the price of oil), according to Bloomberg. It's now due for a correction of Wave 3 of this Wave 4 (ABC correction probably).
