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Africanrand

Strange Correlation Between USD and African RandThe correlation between the African Rand and USD ( FX:USDZAR ) is super strange. During both the 2008 and 2016 crisis, we saw the African Rand pump an average of about 50%. Coming into 2020 we see the rand up about 35% with an expected 15-20% move up inbound. Do not trade this, this is my personal take on this and well... I definitely wouldn't take a 19 year old serious if I were you. Drop a comment and share your thoughts! Thanks DotcomJack
Long
by DotcomJack
Updated
11
USDZAR Horizontal LevelsUSDZAR Horizontal Levels
by TradeLive-

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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