The currency pair US Dollar to South African Rand USD/ZAR continues to move within the framework of the beginning of growth and at the moment quotes are testing the area 13.14. It is expected to continue the development of an upward trend with a potential growth target above the level of 13.90.
USD/ZAR Forecast South African Rand on April 27, 2017
In favor of growth is a rebound from the lower boundary of the bull model 5-0, as well as a breakdown of the downward trend line and an indicator of relative strength. Cancellation of the development scenario of the upward trend in the pair will be a fall and breakdown of the region of 12.85, which will indicate that the USD/ZAR quotations continue to decline.
USD/ZAR Forecast South African Rand on April 27, 2017 suggests an attempt to continue the growth of quotations in the area above the level of 13.90 in the cancers of the bull forex model 5-0, the cancellation will be a breakdown of the region of the lower boundary of the rising channel.
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