Rand despite poor performance this week

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Rand despite poor performance this week U.S. DOLLAR / SOUTH AFRICAN RANDFX_IDC:USDZARmlondiForexThe rand has showed the Euro and Pound along the Dollar its mighty power. Despite the rand weakening this week, we have forecasted that bears might enter soon. The W pattern formation in the dollar might be a continuation of the M pattern. As the the dollar to the rand reached key support 17.4860 the Euro and Pound shows that we might continue with the bearish movement.