Wed, 05 Mar 2014 12:55:04 GMT
USD/ZAR 4H Chart: Channel Down
USD/ZAR has recently topped out at 11.40 and since then has been trading in the down-trend. Based on this, we may assume that in the nearest future the exchange rate will not surge above the falling resistance line at 10.90. Even if this level does give in to the buying pressure, there will also be the weekly R1 and the