USD/ZAR has the all-time high at 19.3446 in its crosshairs – Credit Suisse
|USD/ZAR has maintained its uptrend throughout the third quarter of 2022. Analysts at Credit Suisse see potential to reach the all-time high at 19.3446.
Uptrend from April at 16.8571 to curb any correction lower
“We expect a solid break above 18.0709 to eventually take place, though we think there is certainly room for further ascent to follow towards the all-time high at 19.3446.”
“We look for the uptrend from April at 16.8571 to curb any deeper correction lower to keep the upside pressure in place.”
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