Currency pair US Dollar to South African Rand USD/ZAR is trading at the level of 13.1535. The pair is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the pair US Dollar to South African Rand. Ichimoku Kinko Hyo Cloud near the level 13.2100 is expected to be tested, from which it is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 12.9800.
USD/ZAR forecast & forex signals on June 1, 2017
Earlier, a weak signal was received for buying of the pair USD/ZAR, due to crossing of the signal lines at the level of 12.9227. Consider buying is worthwhile with the breaking of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotes above the level of 13.1300, in the case of breaking through the lower boundary of the Ichimoku Kinko Hyo Cloud, we should expect the continuation of the bearish trend development in USD/ZAR.
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