Rand strength before weakening
But Sanlam looks set for higher targets
WE LOOK AT A chart of the always important US dollar/rand. It’s been showing rand strength again over recent weeks. But is that likely to last? We also show a chart of financial giant Sanlam. It’s recently broken out to the upside above important resistance levels. It’s likely to continue making its way higher and has two new targets in place. The US dollar/ rand chart points to a bit more rand strength over the short term before weakening again.
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