FX:USDZAR   U.S. Dollar / South African Rand
Ok...so now the alarm bells are ringing loud and clear. First trend line broken and now flirting with the major bullish trend started September last year. As mentioned via my 7 Feb idea, the trend still seem to be intact, with the 50-day moving average still getting closer and closer to the 200-day (possible inverse golden cross - I just don't want to call it a death cross, but you all know what I mean). So if these levels hold & turn, there is some scope for the ZAR to improve significantly. If it however break and close above the R14.10 levels, R14.70 might just be next stop. Let's hold some thumbs for our mighty ZAR!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.