Wed, 09 Dec 2015 14:09:04 GMT
USD/ZAR 1H Chart: Channel Up
The Dollar is expected to depreciate against the South African Rand in the next 48 hours, given that the cross has recently bounced off the upper boundary of a bullish pattern. The long term outlook, however, is keeping the positive bias. The nearest obstacle is represented by the 55-hour SMA at 14.5634. A decline under this moving average line will