South African Rand: USD/ZAR rally selling strategy stays in focus – Societe Generale

Societe Generale strategists argue that South African Rand dynamics hinge on upcoming CPI, retail sales and the Federal Reserve meeting. They note that repeatedly selling USD/ZAR rallies near the 200‑day moving average has worked well recently and see scope for a move back below 16.00 if global risk sentiment remains constructive after the FOMC decision.

200‑day moving average remains key level

"Selling USD/ZAR rallies near the 200dma has proved a successful strategy in recent months."

"A return below 16.00 cannot be ruled out if risk sentiment hold up post the FOMC tomorrow."

TMGM tahlili: Moliyaviy bozor yangiliklari, iqtisodiy kalendar va bozor tahlillari

"For ZAR, the focus is on May CPI, retail sales and the Fed tomorrow."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

JONLI KOTIROVKALAR

Nomi / Simvol
Grafik
% O‘zgarish / Narx
GBPUSD
1 kunlik o‘zgarish
Price down
-0.42%
1.32149
EURUSD
1 kunlik o‘zgarish
Price down
-2.76%
1.10264
USDJPY
1 kunlik o‘zgarish
Price up
+11.90%
159.724
AUDUSD
1 kunlik o‘zgarish
Price up
+6.59%
0.67774