US Dollar/South African Rand (USD/ZAR) Exchange Rate

The US dollar has spent most of the month of February bouncing around between the 15.13 ZAR level and the 14.50 ZAR level.

Rather consistent surges within the USD/ZAR have been demonstrated the past five days as the Forex pair tests its value range.

The USD/ZAR has reversed higher after challenging long-term support only one day ago and the higher values may be an opportunity for traders.

South Africa began its COVID-19 vaccine rollout with the unapproved Johnson & Johnson variant for the more aggressively spreading mutation.

The USD/ZAR has reversed higher after challenging long-term support only one day ago and the higher values may be an opportunity for traders.

The USD/ZAR has continued to display a rather swift bearish trend as it has broken free from January’s bullish cycle which caused difficult days for speculators who insisted on looking for more downside action.

The USD/ZAR has seen support levels crumble the past two days and in early morning trading bearish momentum has increased.

The USD/ZAR is traversing below the 15.00000 juncture and has produced incrementally lower resistance junctures the past week of trading.

The USD/ZAR completed a breakdown below its short-term resistance zone with rising bearish pressures.

The USD/ZAR has delivered a challenging trading environment the past month as choppy conditions and tests of resistance have been on display.

The USD/ZAR has certainly seen short term bullish momentum continue to show its teeth the past week after reversing from lows made on the 21st of January near 14.73000.

Bearish speculators may want to forget January.

The past few days of trading have seen strong upward momentum develop in the USD/ZAR, but this follows a test of important support levels.

After hitting high water marks near the 15.61000 level on the 11th of January, the USD/ZAR has incrementally traversed lower.

The US dollar initially nudged just a bit higher against the South African rand to kick off the trading session on Tuesday, but then fell towards the 15 level.

The USD/ZAR is lingering within its higher short term values and this is setting the table for traders with adventurous streaks in their character.

The US dollar initially tried to rally a bit during the trading session on Thursday to break above the 50 day EMA temporarily.

The USD/ZAR is bouncing along important short-term support levels in early trading today, after coming off highs produced a few days ago.

The US dollar initially tried to rally on Tuesday to break above the 15.50 rand level again, but just as we had seen on Monday, there was more than enough selling pressure above to keep the attempt under wraps.

The USD/ZAR has seen a bullish surge create havoc the past week for speculators who have been pursuing downside price action without proper risk management.