| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The US Dollar has been appreciating against the South African Rand since the beginning of February when the pair reversed north form the lower boundary of the falling wedge pattern at 13.28.
From a theoretical point of view, the general direction is expected to remain north until the upper pattern boundary located in the 14.20/14.30 range is reached. However, the exchange rate has to surpass strong resistance level formed by the Fibonacci 38.20% retracement at 14.06.
If given resistance level holds, it is likely that the currency pair targets the lower wedge line located circa 13.15.