ONTRADE Forex

USD/ZAR Forecast: Rebounds After NFP, But Wedge Points to a Reversal – 06 April 2026

USD/ZAR Forecast: Rebounds After NFP, But Wedge Points to a Reversal – 06 April 2026
The USD/ZAR pair rose for two consecutive days as the US dollar rebounded after the latest US jobs report. It rose to 17, up slightly from last week’s low of 16.68. The South African rand has retreated by 8.6% from its highest point this year.

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