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The post USD/ZAR consolidates at 17.00 support – Société Générale appeared on BitcoinEthereumNews.com. USD/ZAR is consolidating between 17.00 and 17.48 after testing the 2024 low, with traders eyeing a breakout to confirm a short-term move, Société Générale’s FX analysts note. Downtrend pauses amid range-bound trading “USD/ZAR has evolved within a steady downtrend after giving up the 200-DMA in May. It has recently reached the graphical support of 17.00 representing the low of 2024. The decline has stalled after this test and the pair is consolidating within a range defined by limits of 17.00 and 17.48.” “A breakout from this base would be crucial for confirming a short-term up move. If the pair fails to defend 17.00, the decline could extend towards the lower limit of a multi-month channel near 16.85 and 16.70/16.65.” Source: https://www.fxstreet.com/news/usd-zar-consolidates-at-1700-support-societe-generale-202512020912The post USD/ZAR consolidates at 17.00 support – Société Générale appeared on BitcoinEthereumNews.com. USD/ZAR is consolidating between 17.00 and 17.48 after testing the 2024 low, with traders eyeing a breakout to confirm a short-term move, Société Générale’s FX analysts note. Downtrend pauses amid range-bound trading “USD/ZAR has evolved within a steady downtrend after giving up the 200-DMA in May. It has recently reached the graphical support of 17.00 representing the low of 2024. The decline has stalled after this test and the pair is consolidating within a range defined by limits of 17.00 and 17.48.” “A breakout from this base would be crucial for confirming a short-term up move. If the pair fails to defend 17.00, the decline could extend towards the lower limit of a multi-month channel near 16.85 and 16.70/16.65.” Source: https://www.fxstreet.com/news/usd-zar-consolidates-at-1700-support-societe-generale-202512020912

USD/ZAR consolidates at 17.00 support – Société Générale

Author: BitcoinEthereumNews

Source: BitcoinEthereumNews

2025/12/02 18:04

MOVE$0,03882+%1,59

NEAR$1,685-%1,28

USD/ZAR is consolidating between 17.00 and 17.48 after testing the 2024 low, with traders eyeing a breakout to confirm a short-term move, Société Générale’s FX analysts note.

Downtrend pauses amid range-bound trading

“USD/ZAR has evolved within a steady downtrend after giving up the 200-DMA in May. It has recently reached the graphical support of 17.00 representing the low of 2024. The decline has stalled after this test and the pair is consolidating within a range defined by limits of 17.00 and 17.48.”

“A breakout from this base would be crucial for confirming a short-term up move. If the pair fails to defend 17.00, the decline could extend towards the lower limit of a multi-month channel near 16.85 and 16.70/16.65.”

Source: https://www.fxstreet.com/news/usd-zar-consolidates-at-1700-support-societe-generale-202512020912

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$0,03882$0,03882

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