The Rand rallied in strength against the Dollar on Friday afternoon after U.S. advance GDP missed expectation causing a weakness in the Dollar. The Rand plunged through chart support at R14/$ and went on finding next support at R13.85 where it currently dangles as shown in the 30min candlestick chart below. Next support is seen at R13.70 whilst resistance is at R14.00
Dollar-ZAR Graph
on 23 August , 2016
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