The GBP continues to fall, what else is important?
Tag - zar - south african rand
The South African currency has weakened on Tuesday. As a result, the USD/ZAR pair has tested its March’s highs near the 14.63 level.
USD/ZAR met resistance at the line connecting September and October highs and turned down.
USD/ZAR met the resistance of the line connecting September, March and May highs in the 14.50 area.
What is important today?
We expect the US-China phase one trade deal to be signed on Wednesday and multiple important indicators for the USD. Plus, it is the first week of the earnings reports
USD/ZAR rebounded from the 200-day MA at 14.18 and went up through the 100- and 50-day MAs.
Brexit is done, while the Coronavirus keeps the markets on guard. What can Forex expect this week?
Here we gathered the best and the worst performers of the week and the most volatile pairs .
Some fresh analytics for today
We have come to the second month of 2019 and it’s time to take a deep breath after the crazy run of the year, evaluate what has already happened and make some precisions on the upcoming months.
It looks like USD/ZAR has overdone its increase in the short-term