The Moroccan dirham is looking good. Personal bias could easily be playing a part here, but I think I see the final shoulder of an inverse H&S forming on the daily. Look for price to test 9.76 resistance after bounce off 9.425
After the new regulation set by the moroccan dollar, the currency is showing an uptrend of its value. As a reminder, the MAD is plugged to euro and dollars with a respective rate of 60 and 40 percent.
I see this currency growing in the next years and have great potential.
Have a great day!
