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The main trend is still bearish. At the same time, there's an 'Inverted Hammer', which hasn't been confirmed yet. In this case, for now, it's likely that the market is going to test the nearest resistance by the 'Window' and the 34 Moving Average (1.1304). The subsequent pullback from these levels could lead to another decline in the direction of the next support at 1.1148.
U.S. stocks are set to open higher Friday, although gains are likely to be limited with the market set to close early in the aftermath of the Thanksgiving Holiday.
Asian shares stalled near record highs on Friday
US markets are closed for Thanksgiving on Thursday, that's why the volatility falls. However, there are still some interesting movements!
U.S. stocks are set to open higher Friday, although gains are likely to be limited with the market set to close early in the aftermath of the Thanksgiving Holiday.
Asian shares stalled near record highs on Friday
CIBC anticipates USD/ZAR will end 2020 at around 15.15, and 2021 at 14.95.
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