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[QUOTE="Resolve, post: 236766, member: 29339"]
[B][SIZE=5]USD/ZAR: New Trading Opportunities at FXOpen[/SIZE][/B]
[img]https://i.imgur.com/zxZ2eLR.png[/img]

FXOpen traders can now incorporate the USD/ZAR currency pair into their strategies. If you want to diversify your portfolio and deal with market volatility, open an account now and enjoy USD/ZAR trading.

As shown by the USD/ZAR chart, on 19th September the price fell below the 17.400 level for the first time since February 2023.

It is likely that this was more due to the weakness of the US dollar ahead of the Federal Reserve's decision on interest rate cuts than to the strength of the South African rand.

However, after the decision was published, the ensuing surge in volatility led the price to hit a multi-month low, and today the USD/ZAR chart offers bulls increasing hope for a rebound.

[img]https://i.imgur.com/v8CK0dj.jpeg[/img]

[B][URL="https://fxopen.com/blog/en/oa-analysis-of-usd-zar-price-recovers-from-multi-month-low/?utm_source=earnforexforum&utm_medium=analysis&utm_campaign=resolve"]TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG[/URL][/B]

[I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. [/I]
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