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USD/ZAR - US Dollar South African Rand

USD/ZAR - US Dollar South African Rand

11.6675 +0.0031 +0.03%
04:56:45 - Real-time Data.
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Bid / Ask 11.6646 / 11.6704
Day's Range 11.6486 - 11.6805
52 wk Range 11.5623 - 14.5875
Prev. Close 11.6644
Open 11.6644
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ForexExclusive Trading
ForexExclusive Trading

Views on the rand’s outlook differ. While Standard Bank says it remains “constructive” on the currency, HSBC Holdings Plc analysts including David Faulkner and Murat Toprak say “there is little light at the end of the tunnel,. The rand completed the “golden cross” technical pattern, with its 50-day moving average crossing above the 200-day mean, which some traders see as a buy signal. The last time this happened, in July 2016, the currency gained 7 percent in the following three weeks. A similar cross between 50 DMA and 100 DMA took place last week.. However, another pattern based on the Fibonacci sequence has proved more difficult to clear. The currency is close to retracing 50 percent of the slump between 2011 and 2016. If it does so, the rand may climb to as high as 10.89 per dollar. But if the resistance proves too strong, it may fall back to 13.57.. On Tuesday, the currency briefly crossed the milestone only to fall back.  ... (Read More)

Feb 21, 2018 21:24 GMT· 1 · Reply
Vukani Makalima
Vukani Makalima

What did I miss on the USD/ZAR, it tinkering in the 11.72-11.73 region then in a split second fell down to 11.61 and i mean a split second!!!!! it's come back to 11.65 odd what do you guys think caused this and what's gonna happen further?  ... (Read More)

Feb 21, 2018 13:19 GMT· 1 · Reply
Kgabo Lebogang
Kgabo Lebogang

Zar will go down to 11.3 this week   ... (Read More)

Feb 18, 2018 13:02 GMT· 1 · Reply
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