USD/ZAR 1H Chart: Two Scenarios Likely

<p>The USD/ZAR currency pair has been trading downwards since the middle of May after it failed to exceed the 19.00 level. Given that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages, it is likely that some downside potential could continue to prevail in the market, and the rate could decline […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/302610-usd-zar-1h-chart-two-scenarios-likely/">USD/ZAR 1H Chart: Two Scenarios Likely</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>