US Dollar/South African Rand (USD/ZAR) Exchange Rate
USD/ZAR Pivot Points
USD/ZAR Advanced Live Chart
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After touching important support late last week, the USD/ZAR has produced a slight reversal higher which may intrigue speculators.
The USD/ZAR has maintained a rather consistent bearish trend and the Forex pair has challenged lower support.
The USD/ZAR is trading near 14.30000 as of this morning and the forex pair is traversing very interesting mid-term support ratios.
The US dollar fell against the South African Rand on Monday in a continuation of the massive selloff that had been kicked off a couple of weeks ago.
The USD/ZAR moved lower again yesterday as it correlated to global Forex market conditions and weakness being demonstrated by the USD.
The US dollar has been rallying against emerging market currencies overall, at least over the last couple of months.
The USD/ZAR moved in a rather consolidated fashion yesterday and in early trading today has gained incrementally.
The USD/ZAR has been able to reverse lower and it is near the important 15.00000 level once again, and intriguingly, the Forex pair has correlated well to the broad Forex market.
The USD/ZAR has brushed aside important mid-term resistance and its bullish move higher will likely create more volatility in the short term.
The US dollar has rallied a bit during the trading session on Wednesday to reach towards the 15 South African Rand level.
The USD/ZAR once again came within sight of the 15.00000 mark yesterday before seeing a slight reversal lower.
The USD/ZAR remains within the upper realms of its long-term technical charts as trading conditions remain choppy.
The trend of the USD/ZAR continues to demonstrate an ability to add value in an incremental fashion, but yesterday’s trading did run into resistance.
The US dollar rallied again on Monday to reach towards the 14.75 rand level, an area that has been tested previously, as we formed a handful of shooting stars in that region.
Speculators in the USD/ZAR have been delivered a strong dose of volatility the past handful of days as reversals higher produced fireworks.
The USD/ZAR price is attempting to rebound after it dropped to the lowest level in a month on Wednesday.
After spending the past few weeks under an intense media glare due to unrest in South Africa communities, the USD/ZAR is now testing important support levels.
The USD/ZAR has experienced a tumultuous two weeks of trading as August is set to begin, as reactions to unrest in South Africa’s communities remains nervous.
The USD/ZAR has traded lower the past twelve hours after hitting a short-term high of 14.88000 yesterday, and the Forex pair is now challenging intriguing support levels.
The USD/ZAR is within sight of the 15.00000 juncture in early trading as the Forex pair has sustained its higher price range.