FX | USDZAR

FX | USDZAR | Short Term | The pair has found support for three consecutive days at the prior breakout level, that being R14.30. We previously saw a rejection at the downward trend line, the 200-day simple moving average and the prior support. In the short term the bears appear to be in control however a clear break of the downward trend would see 14.60 open up as a target. (Also keep your eye on the US Dollar Index, it’s advancing).