Currency pair US Dollar to South African Rand USD/ZAR is trading at 12.7538. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the currency pair US Dollar/South African Rand. Ichimoku Kinko Hyo Cloud near the level of 12.8400 is expected to be tested, from which it is expected to attempt a fall and further development of the bearish trend for the pair US Dollar/South African Rand near the level of 12.5100.
USD/ZAR forecast South African Rand on June 14, 2017
Earlier, a strong signal was received for the sale of the pair US Dollar/South African Rand, due to the crossing of the signal lines at the level of 12.8490. The cancellation of the fall of the pair’s quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 13.0100, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/ZAR quotes is with the breakdown of the local minimum area at the level of 12.5900.
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