The currency pair of the US Dollar vs South African Rand USD/ZAR continues to move within the bullish channel. At the time of publication of the forecast, the US Dollar rate for the South African Rand is 14.84. At this point, we should expect an attempt to test the resistance level near the area of 15.00 and continue falling of the pair in the area below the level of 14.70.
USD/ZAR forecast South African Rand September 14, 2018
In favor of lowering the quotations, the South African Rand will test the trend line on the indicator of relative strength index (RSI). Cancellation of the USD/ZAR fall variant on Forex will be strong growth and breakdown of the area at 15.15, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of quotations in the area above the level of 15.85. To expect confirmation of the fall of the pair is with the breakdown of the support area and the closing of the quotes of the pair USD/ZAR below the level of 14.80.
USD/ZAR forecast South African Rand September 14, 2018 involves trying to test the resistance area near the level of 15.00 and continuing the decline to the area below the level of 14.70, an additional signal in favor of the fall of the pair on Forex will test the trend line on the indicator of relative strength index (RSI).
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