The GBP continues to fall, what else is important?
Tag - zar - south african rand
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.
The Mexican peso and the South African rand show very similar movement patterns. What are they?
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
What is important today?
The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
Brexit is done, while the Coronavirus keeps the markets on guard. What can Forex expect this week?
Some fresh analytics for today
Here we gathered the best and the worst performers of the week and the most volatile pairs .
USD/ZAR rebounded from the 200-day MA at 14.18 and went up through the 100- and 50-day MAs.
Check the levels for EUR/USD, USD/ZAR and oil