Currency pair US Dollar to South African Rand USD/ZAR is trading at the level of 13.3966. The pair is traded inside the Ichimoku Cloud, which indicates the presence of a lateral trend in the US dollar pair South African rand. It is expected to test the lower boundary of the Ichimoku Cloud near the level of 13.3800, from where it is expected to test the upper boundary of the Ichimoku Cloud near the level of 13.7300.
Ichimoku Kinko Hyo USD/ZAR prediction on April 18, 2017
Earlier, a weak signal was received for the sale of the US dollar pair South African rand, due to the intersection of the signal lines at the level of 13.7800. To consider selling costs with the breaking of the lower boundary of the Ichimoku Cloud and the closing of quotations below the level of 13.1700, in case of breaking through the upper boundary of the Ishimoku Cloud, we should expect the continuation of the upward trend development in USD/ZAR.
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