South African Rand weakens on mining unrest

Continued clashes between rival mining unions fueled further weakening of the South African Rand against the greenback.

South African Rand

Rising 63-day Twiggs Momentum reflects a strong primary up-trend. Breakout above R9.00 would offer a medium-term target of R9.50. In the long-term, the next major resistance level is the 2008 high of R11.00.

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