It has already broke-down (through all the supports)... Same thing happened as in EURZAR, USDZAR, & very soon (the same thing is expected to happen) to the JPYZAR as well...
I'm also taking a close look at commodity prices in general, & they all seems to be on a strong rally-upwards at the moment...: I guess that would be greatly strengthening the emerging/commodity currencies...
Other than the precious metals; the following have started their strong rally-up...;
Sugar
Wheat
Corn
Soybeans
Coffee
Cocoa
Cotton
Industrial metals (that are starting strong up-rally);
Palladium
Copper
Platinum
Silver
I'm expecting the NZD & AUD currency to be well supported (by rising commodity prices in general) too...
We need to know the countries import/export which commodity types specifically.
I'm also taking a close look at commodity prices in general, & they all seems to be on a strong rally-upwards at the moment...: I guess that would be greatly strengthening the emerging/commodity currencies...
Other than the precious metals; the following have started their strong rally-up...;
Sugar
Wheat
Corn
Soybeans
Coffee
Cocoa
Cotton
Industrial metals (that are starting strong up-rally);
Palladium
Copper
Platinum
Silver
I'm expecting the NZD & AUD currency to be well supported (by rising commodity prices in general) too...
We need to know the countries import/export which commodity types specifically.