Potential long setup?USD/ZAR is falling toward the pivot and could bounce toward the 1st resistance, which is a pullback resistance.
Pivot: 16.50226
1st Support: 16.28926
1st Resistance: 16.76814
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of
U.S. Dollar / South African Rand
No trades
No trades
Compare with USD to ZAR
Details
The U.S. Dollar vs. the South African Rand. The Rand was and became legal tender in the late 50’s to early 60’s for South Africa, Swaziland, Lesotho and Namibia after moving away from the Pound. After the apartheid era sanctions the Rand experienced a great deal of volatility and depreciation.
Falling towards 61.8% Fib support?USD/ZAR is falling toward the pivot, which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce towards the 1st resistance, which is a pullback resistance.
Pivot: 16.59894
1st Support: 16.35283
1st Resistance: 16.89960
Disclaimer:
The opinions given above const
USDZAR: Post unexpected SARB rate pause.The pair managed to surge past the 200-day MA at 16.57 last week after the unexpected decision from the SARB to leave the repo rate unchanged at 7%.
The pair touched a 4-month high of 16.97 before consolidating to close the week at 16.81. The next critical support levels to watch are the 50% fibo a
2H2026 USDZAR updateSince I posted the original idea, the pair has remained range bound between 16.20 and 16.70. I also adjusted upward channel from the previous chart, but the general idea remains the same.
I expect that today’s non-farm payroll print will allow the pair to re-test the upper or lower bound of this r
Bearish drop off?USD/ZAR has rejected off the pivot and could drop toward the 1st support.
Pivot: 16.46277
1st Support: 16.28476
1st Resistance: 16.58019
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or
Bullish bounce in play?USD/ZAR has bounced off the pivot, which is a pullback support and could rise towards the 1st resistance, which is also a pullback resistance.
Pivot: 16.47287
1st Suport: 16.36251
1st Resistance: 16.65861
Disclaimer:
The opinions given above constitute general market commentary and do not consti
Bullish bounce off?USD/ZAR has bounced off the pivot, which is an overlap suport and could potentially rise towards the 1st resistance.
Pivot: 16.2789
1st Support: 16.23303
1st Resistance: 16.38774
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice
Bullish recovery from strong support?USD/ZAR has bounced off the pivot and could rise towards the 1st resistance.
Pivot: 16.34641
1st Support: 16.26109
1st Resistance: 16.47440
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal
USDZAR — Buying the Pullback [Quantum Algo]USDZAR based out at the 16.20 lows, ran a recovery leg up toward 16.49, then pulled back. Price retraced into a demand shelf near 16.29 and held, firing the Buy. This is a pullback continuation long: the recovery built higher lows off the base, price has come back to test demand, and the play is to
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The value of the USDZAR pair is quoted as 1 USD per x ZAR. For example, if the pair is trading at 1.50, it means it takes 1.5 ZAR to buy 1 USD.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade USDZAR right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.









