The USD/ZAR currency pair has resumed its downward trend after a brief pause, as it slipped below critical support levels. According to analysts at Société Générale, the exchange rate is currently targeting levels at 16.10 and further down to the 15.90-15.75 range, indicating a potential bearish outlook for the South African rand against the US dollar.
This shift in the USD/ZAR dynamics reflects broader market movements influenced by changing economic indicators and geopolitical factors. As traders adjust their positions, the implications for the exchange rate could lead to increased volatility, particularly if the rand continues to strengthen against the dollar in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-22 10:55
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.