technical analysis chart

Technical Breaks, Ideas & Insights: ZAR weakness

The ZAR is testing the USDZAR16.35 resistance level again and breaching it in the Short-Term.
If this pattern continues one could see the ZAR breaking upwards towards USDZAR17.25 and can even test USDZAR17.78 if this negative trend follows through.
The Dollar is breaching its resistance level of EURUSD1.0440 in the Short-Term and if there is a follow through its could test EURUSD0.9680.
This report provides technical analyses of the USD and the ZAR.