USDZAR chart

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.


News


Trading Outlook for EUR/USD, USD/JPY, USD/ZAR, Gold Price & More

The Euro is trading around a critical area with potential to trigger a technical pattern, USD/JPY is wedging up, USD/ZAR testing big support, while gold treads water below resistance.
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EUR/GBP Working on Bearish Price Sequence, Update on USD/ZAR Set-up


USD/ZAR Chart Painting an Increasingly Bearish Picture


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Rand Report: What Will The South African Reserve Bank Do?


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Analyst Picks

Paul Robinson

Paul Robinson Market Analyst

My Picks: EUR/GBP (Pending Short) & USD/ZAR (Update)
Expertise: Technical
Average Time Frame of Trades: Several days to several weeks

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