The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
Tag - zar - south african rand
The Mexican peso and the South African rand show very similar movement patterns. What are they?
USD steps back to give room to the ZAR on the speech of the South Africa's Finance Minister Mboweni. How far ZAR can march?
USD/ZAR formed a bearish engulfing pattern on the D1. What does it mean?
USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.
Pay attention to the currency pair USD/ZAR. It has been consolidating between 15.10 and 15.50 since the start of August.
USD/ZAR rebounded from the 200-day MA at 14.18 and went up through the 100- and 50-day MAs.
USD/ZAR has recently breached down the support line from February lows.
Check the levels for EUR/USD, USD/ZAR and oil
It looks like USD/ZAR has overdone its increase in the short-term.
USD/ZAR met the resistance of the line connecting September, March and May highs in the 14.50 area.
Some fresh analytics for today