It will be interesting to see if the "new" trend will be maintained with the USDZAR possibly finding support around the 18.35 mark. Looking at the momentum indicators, we can see the dollar weakness very evident with the pair starting to hit over-sold levels. This suggests we can look at entering a long trade on the pair on that trend line in the coming days... One to keep an eye on
if dollar weakness is evident as you say (related to coming end of Fed rate hike cycle)..... wouldn't that be a reason that USD/ZAR could decline below that trend line?