| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Neutral | Sell |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The USD/ZAR currency pair continued to trade upwards. Currently, the pair is testing the resistance level—the monthly R2 at 16.55.
If the given resistance holds, it is likely that a reversal south could occur in the nearest future. In this case the exchange rate could gain support from the monthly PP located at 15.38.
Otherwise, it is likely that the currency pair could remain supported by the 55-period SMA near 15.75 (4H time-frame chart) and continue to trade upwards.