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 14.98. At the moment, we should expect an attempt to test the lower border of the channel near the area of 14.60 and continue the growth of the pair in the area above the level of 15.55.
USD/ZAR forecast South African Rand September 18, 2018
In favor of the growth of quotations, the South African Rand will test the trend line on the indicator of relative strength index (RSI). Canceling the USD/ZAR growth option for Forex will be a decrease and breakdown of the area of 14.20, which will indicate the breakdown of the lower border of the channel and the continuation of the fall of quotations in the area below the level of 15.85. To expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closing of the USD/ZAR pair quotations above the level of 15.15.
USD/ZAR forecast South African Rand September 18, 2018 involves trying to test the support area near the level of 14.60 and continuing growth in the area above the level of 15.55, an additional signal in favor of the pair’s growth at Forex will test the trend line on the indicator of relative strength index (RSI).
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