USDZAR chart by TradingView

USD/ZAR

Moving away from the Pound in the late 50's to early 60's, the Rand was established and is the current legal tender for South Africa, Swaziland, Lesotho and Namibia. The Rand has had its fair share of volatility with the currency depreciating massively following the apartheid era sanctions. The currency looks to benefit when investors are willing to take on more risk in developing countries. Any pullback in risk from global markets pushes the Rand significantly lower as seen during the financial crisis of 2008.


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USDZAR Short on Break of Near-term Bear-flag

USDZAR poised to continue trending lower, a set-up with multiple time-frames offers attractive risk/reward.
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Analyst Picks

Paul Robinson   

Market Analyst

My Picks: USDZAR, Pending Short
Expertise: Technical
Average Time Frame of Trades: Several days to several weeks


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