| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Sell | Sell | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The US Dollar has strengthened significantly against the South African Rand since late February. This upward movement has been stranded in an ascending channel. The rate is also trading in a two-year channel down with its upper boundary being located near 14.00.
From technical point of view, the rate should continue appreciating during the following month. It is yet to be seen if the current gradual appreciation shifts to more stronger acceleration.
It is expected that the pair continues to respect the boundaries of the medium-term channel. Thus, the Greenback is likely to edge lower within the following week down to the 12.70 where the 38.20% Fibonacci retracement is located. Several SMAs would also be located in this area at the time.