The exotic pair of the U.S. Dollar to South African Rand (USD/ZAR) has not correlated strongly with other USD pairs since this year.
In fact, the USD is down 1.3% against the ZAR since the beginning of the year, all the while, the USD index has been super bullish, up 6.1% YTD.
While performing better than the GBP, EUR, and other major partners, the USD is still...
ZARJPY is approaching the Lower High limit on the 1D Channel Down (RSI = 47.58, MACD = -0.108). This is a solid medium term short opportunity for the November 13, 2017 low = 7.774 and 7.654 in extension.
