Currency pair US Dollar to South African Rand USD/ZAR is trading at the level of 12.9317. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the US Dollar to South African Rand USD/ZAR. USD/ZAR is expected to close near the level of 13.0110, from which it is expected to try to fall and further develop the bearish trend for the pair USD/ZAR near the level of 12.5830.
USD/ZAR forecast South African Rand on May 30, 2017
Previously, a strong signal was received for the sale of the pair US Dollar to South African Rand, due to the crossing of the signal lines at 13.3039. The cancellation of the fall of the pair’s quotes will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of the pair’s quotations above the area of 13.3000, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/ZAR quotes with a breakdown of the local minimum area at the level of 12.6750.
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