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

The USD/ZAR has maintained its bearish stance and has seen some consolidation the past couple of days as support is tested.

Short-term support levels have been brushed aside as the USD/ZAR has demonstrated that its bearish trajectory can still be contemplated.

The US dollar has initially fallen during the trading session on Friday again against the South African Rand, reaching towards the 14.50 Rand level before turning around and rally in a bit.

The USD/ZAR has been able to produce a rather tight range the past couple of days, but important support levels are being tested.

USD/ZAR: Reversals Remain Key Element for South African Rand

The USD/ZAR is straddling the 15.00000 ratio as traders are being forced to contemplate their short-term sentiment.

The USD/ZAR has produced a reversal higher since hitting lower values on the 17th of March, and short-term resistance levels are being challenged.

The USD/ZAR moved swiftly lower yesterday and took the Forex pair to mid-term support levels which should not be a surprise to traders.

The USD/ZAR has traded lower again as the week has begun, but a short-term battle is being waged as the Forex pair tries to establish stronger direction.

The USD/ZAR has seen a strong dose of bearish momentum generated in early trading today, which likely was invigorated by the past two days of results.

The USD/ZAR is trading near important mid-term resistance levels as the Forex pair’s trend produces nervous technical conditions.

The USD/ZAR has experienced a steady wave of choppy conditions after suffering a surge higher late last week.

After last week’s surge higher for the USD/ZAR, traders have an opportunity to speculate and seek the Forex pair’s long-term trend.

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.