As of 10:18am, the Rand made a small dip to the 9.95 area, touching its first target from a 4 hourly trade, entry 10.0054. It swiftly turned around with USD power and currently sits at 10.0212.
Its still in a down trend on the daily but we could see some movement towards the green resistance levels if a pass of the 10.04 happens.
Bonjour! French Indust. Product came in at a slight positive of -0.4, market expected -0.5
Red vertical line shows French data release.
US Wholesale and Crude Oil Inventories still to arrive this afternoon.