the sell off continues on usdzmw. technically the currency pair is in a confirmed downtrend, after the completion of the wave (B) we can now expect another sell off to make wave (C) probably to 11 Kwacha or further.
what do you think now? Do you believe the USD/ZMW rate bumping up against resistance or will it break thru and go higher?
TRIPPYHUSSLE
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@dgoldiner, still bearish for now. Will surely update when I change my Bias.Thank you!
dgoldiner
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@TRIPPYHUSSLE, great stuff keep the analysis coming....i am considering an investment in Zambia and the extent of currency risk is potentially a major concern