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

The USD/ZAR has surged higher in the past few days as widespread chaos has hit many of the streets in South African communities.

The ongoing unrest in South Africa has certainly put a dent on the currency as we continue to see the greenback pick up a bit of steam.

The USD/ZAR traversed slightly higher in early trading this morning and nearby resistance may prove enticing for speculators.

The USD/ZAR continues to produce abrupt short-term volatility within a rather tight range which may prove opportunistic for experienced traders.

The USD/ZAR climbed to two-month highs on Friday, but the Forex pair has since sold off and in early trading today has sustained bearish characteristics.

After almost hitting the 14.00000 support ratio on the 25th of June, the USD/ZAR has generated additional buying power and is challenging short term sentiment.

The USD/ZAR hit lower values not traversed since February of 2019 in the first week of June, but soon afterwards the Forex pair began to reverse higher.

The US dollar rallied a bit against the South African rand during the trading session on Monday, as we have bounced from the 50-day EMA during the previous trading session.

The USD/ZAR has continued to incrementally see its support ratios penetrated the past few days of trading and they still appear vulnerable.

The USD/ZAR has punched higher the past couple of days and short-term resistance levels have proven vulnerable.

The USD/ZAR is trading near important late May resistance levels as the Forex pair’s bearish trend is being challenged by risk-averse sentiment.

The USD/ZAR has experienced a reversal higher as nervous sentiment shadows the global Forex markets.

The US dollar rallied a bit against the South African rand to reach towards the 13.70 rand level in order to show signs of life again.

A slight reversal higher in early trading today underscores some of the choppy conditions via the USD/ZAR which may produce opportunities for traders.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of June 6, 2021 here.

The USD/ZAR has continued to press up against important long-term support levels and brush them aside.

The past week of trading within the USD/ZAR has seen the forex pair create a consolidated range.

The USD/ZAR has continued to demonstrate an ability to incrementally track lower and is now touching long-term support levels.

The USD/ZAR has moved lower in early trading, and the velocity of bearish momentum has produced a technical breakout which is intriguing.

The USD/ZAR is testing lower values as its short-term resistance levels have incrementally decreased.