Thursday, October 15, 2026

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FxWirePro: USD/ZAR takes out Jul 7/8th highs, more gains likely

USD/ZAR rally picks-up momentum, rallies to monthly highs by 12.6349 The pair easily broke past Jul 8/9 highs, momentum is bullish China slowdown, weak economy and SARB hiking weigh on ZAR At the time of writing the pair…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • USD/ZAR rally picks-up momentum, rallies to monthly highs by 12.6349

  • The pair easily broke past Jul 8/9 highs, momentum is bullish

  • China slowdown, weak economy and SARB hiking weigh on ZAR

  • At the time of writing the pair has erased some gains and is trading at 12.6112

  • Tenkan line is pointing north, suggesting more gains for USD/ZAR, caution advised, Stochs are at Overbought levels

Resistance Levels:

R1: 12.6375 (Daily High Jun 8)

R2: 12.6600 (2015 High Jun 5)

R3: 13.8400 (Daily High Dec 20 2001)

Support Levels: 

S1: 12.4595 (Session Low Jul 24)

S2: 12.3750 (Daily Low Jul 23)

S3: 12.3100 (Daily Low Jul 22)

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By FxWirePro Team