February 06, 2025 17:26 GMT
ZAR: USDZAR at New Session Lows, Back Below 50-Day EMA
ZAR
Downside momentum continuing for USDZAR (-0.55%), pressing fresh session lows as Ramaphosa’s comments from his first SONA of the year cross the wires. Weakness is likely being assisted by the break of the 50-day EMA, with initial support marked at 18.3022, the Jan 24 low.
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