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ZAR trades softer against the greenback this...>

RAND
RAND: ZAR trades softer against the greenback this morning and is
underperforming most other majors, prompting USD/ZAR to make a test on the Apr25
highs of ZAR 12.5314, which would be the highest rate since early January. Above
there, Fib resistance at ZAR 12.6792 (38.2% ZAR 14.5742-11.5078) could slow any
protracted recovery ahead of the 200-dma at ZAR 12.8180.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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