The currency pair USD/ZAR US Dollar to South African Rand is trading at 13.3570. The pair continues to move within the framework of an upward correction. It is expected to continue falling into the area below the level of 13.10 as part of the development of the reversal Forex model on the MACD indicator.
Technical Analysis & forecast USD/ZAR on April 28, 2017
To consider selling USD/ZAR US Dollar to South African Rand stands with the output of the signal line from the histogram area on the indicator. Cancel the option of falling quotations of the pair will be a strong increase in the breakdown of the area of 13.50, which can reverse the reversal pattern and indicate continued growth. To expect the acceleration of the fall is with the breakdown of the level of the slow moving average and the closing of the USD/ZAR quotations below the level of 13.20.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
