USDZAR X-rate - 14 September 2020
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Published on 2020-09-14
A questionable bearish (rand strength) bias is applicable below 16.75. Technical score: 0 
A bearish MACD crossover on the daily time frequency remains intact, which supports rand strength. Keep an eye on a potential MACD bullish crossover – this might trigger rand weakness. Downside price momentum remains halted – supporting a stronger rand. Downside target 16.55. Only a price action above 16.75 will trigger rand weakness.  Upside targets for a break above 16.75 will be 17.05.