For sure some comments coming my way.
I remain from a technical perspective to be SHORT @ anywhere 18.00-21.00 for a move below 15.00. The election is coming soon, and any major change may bring the pair much lower.
Further, RSI extreme, and MACD is actually negative for the monthly chart.
I understand previous comments that it is not good for the country to have lower exchange rate, but all am saying we need to relieve the pressure long-term to trade in the 11.00 - 15.00 range before we move beyond 20.00 confidently.
I remain from a technical perspective to be SHORT @ anywhere 18.00-21.00 for a move below 15.00. The election is coming soon, and any major change may bring the pair much lower.
Further, RSI extreme, and MACD is actually negative for the monthly chart.
I understand previous comments that it is not good for the country to have lower exchange rate, but all am saying we need to relieve the pressure long-term to trade in the 11.00 - 15.00 range before we move beyond 20.00 confidently.