Tag Archives: USD/ZAR

(9,3020) The DOLL/ZAR formed a negative day reversal after having hit our s/t target with even a small overshooting toward 9,36.

(9,2705) The DOLL/ZAR is still well bid after the consolidation above 9,1450; while above this level we expect further strength but only

(9,1130) The DOLL/ZAR confirmed on Friday a weak closing below the support of the previous session. A daily closing tonight below 9,0620 tonight will confirm a s/t top supporting a return below 9,00!!

(8,8140) The DOLL/ZAR is still consolidating interior the big negative outside day with 8,9940 – 8,7680 the levels to follow in the coming hours/ sessions.

(8,8790) The DOLL/ZAR failed to confirm the previous week’s negative week reversal but the daily one was negative on Friday suggesting some downside pressure,

(8,8790) The DOLL/ZAR confirmed on Friday a strong daily as well as weekly closings suggesting further upside potential toward a target at 9,1690.

(8,4980) The DOLL/ZAR confirmed last night a weak closing again below 8,50 suggesting further weakness;

Although USD/ZAR fell to 8.58 on Friday, the eventual snapback and close above 8.70 has maintained the larger USD-bullish tone. We continue to target 9.20 (50% retracement) later this quarter given the bearish sentiment towards the ZAR.

The DOLL/ZAR confirmed yesterday another positive closing after finding however good resistance in the 8,25 area.