USDZAR Technical Point of View
What can we say as technicians.
The price is trading near a super strong support area, testing it since 2022.
Looking a the technical analysis on this pair on the high weekly timeframe, sellers might just step in and drive prices lower. Despite what is going on between the US and South Africa the Rand is keeping gaining ground.
Leaving politics and all other fundamentals out of this equations, what do you think. Will seller show muscle and drive prices lower?
Would love to hear your insights and opinions.