USDZAR Reversal Lower but Speculative Values Still Fragile
Enter your emailThe USD/ZAR has traded slightly lower in early trading, but global market conditions remain uneasy and the Forex pair is still within a higher range.After hitting an apex of nearly 18.58000 briefly in the middle of last week, the USD/ZAR is trading early this morning near the 18.26000 ratio.
Support levels may look enticing if a speculator has a bearish bias, but targets should be kept realistic The U.S Federal Reserve was dealt more troubling data late last week regarding inflation, and the U.S central bank is likely to remain hawkish which should not benefit the South African Rand.If support levels continue to look strong, it may prove worthwhile as a wager to speculate with a buying position using conservative leverage and a price target that is near - for a quick hitting trade.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Weekly Forex Forecast \u2013 USD/JPY, AUD/USDThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose.
Read more »
Pairs in Focus This Week-S\u0026P 500,EUR/USD,Gold,Oil,BTC/USDGet the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 16th, 2022 here.
Read more »
Trading Support and Resistance \u2013EUR/USD, GBP/USDThis week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Read more »
USD/CAD hangs near daily low on softer USD, downside seems limited amid bearish oil pricesUSD/CAD hangs near daily low on softer USD, downside seems limited amid bearish oil prices – by hareshmenghani USDCAD Bonds Fed Recession Currencies
Read more »
USD/CAD hangs near daily low on softer USD, downside seems limited amid bearish oil pricesUSD/CAD hangs near daily low on softer USD, downside seems limited amid bearish oil prices – by hareshmenghani USDCAD Bonds Fed Recession Currencies
Read more »
GBP/USD retreats from daily top, still well bid amid broad-based USD weaknessThe GBP/USD pair catches fresh bids on the first day of a new trading week, though struggles to find acceptance or capitalize on the move beyond the 1
Read more »