USD/ZAR Price Analysis: Stuck in sideways range, breakout on the cards USDZAR Currencies Technical Analysis
bias while below 19.3123 that will increase on a break of the various supports as illustrated on the following chart:USD/ZAR has been rising from the lows of May near 18.1693 but should ZAR harden, the longs will be put under heat in a long squeeze. On the other hand, we could easily see a bullish continuation with the bullish bias intact on a break of 19.3262 and 19.5285:Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WTI Price Analysis: Bulls are engaged, eyes on upside breakWTI is trading a touch higher by some 0.36% at the time of writing and has climbed from a low of $70.72 to score a high of $72.49 so far. The followin
Read more »
AUD/USD Price Analysis: Bulls are moving in, forming RHS of inverse H&SAUD/USD was boosted on a dovish Federal Reserve Chairman Jerome Powell on Friday. There is a preference for a pause in June from the Chair of the cent
Read more »
USD/CHF Price Analysis: Oscillates around the 20-day EMA as the pair tilts upwardUSD/CHF stalled its downtrend after piercing the 20-day Exponential Moving Average (EMA) at 0.8964 and reached a daily low of 0.8940, but bounced off
Read more »
Silver Price Analysis: XAG/USD floats around $23.60, as high US bond yields dentedSilver price retraces toward the $23.60 area after falling below the $24.00 figure in the last week, courtesy of higher US Treasury bond yields, with
Read more »
GBP/USD Price Analysis: Remains inside the woods ahead of US debt-ceiling talksThe GBP/USD pair is displaying a sideways auction in a range of 1.2420-1.2470 from Monday. The Cable is inside the woods as the investors are awaiting
Read more »
NZD/USD Price Analysis: Kiwi buyers flex muscles despite recent inaction below 0.6300NZD/USD Price Analysis: Kiwi buyers flex muscles despite recent inaction below 0.6300 NZDUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »