USDZAR - A look at the bigger picture

U.S. Dollar/South African RandFXCM

Description

⋅ Jan 17, 2024 6:55 AM

The ZAR has been trading in a fairly large and choppy range. There has been strong support at the 18.13 level and this morning we saw it breach 19 again. Should this weak trend continue, the levels to look out for are 19.20, 19.30, 19.63 and 19.92.