USD/ZAR Analysis: Quality Lower Realms but Storm Clouds are Shadowing – 29 September 2025
The USD/ZAR hovers near 17.25 as the rand strengthens, but storm clouds from a potential US government shutdown may drive volatility and reversal risks.

The USD/ZAR hovers near 17.25 as the rand strengthens, but storm clouds from a potential US government shutdown may drive volatility and reversal risks.
The US dollar pulled back against the yen on Friday, retesting ¥149 support, with a bullish continuation toward ¥153 likely if buyers return.
The US dollar dropped against the Mexican peso on Friday, with resistance at 18.50 capping gains and downside targets at 18.20 and 18.00 back in focus.
The US dollar is consolidating against the Indian rupee, with ₹88.50 as key support and ₹89 as resistance, setting the stage for a gradual grind higher.
The Euro is bouncing from key support near its 50-day EMA, with 1.18 resistance in focus, while a drop below 1.16 risks a deeper bearish turn.
Crude oil is testing the $66 resistance zone, with bulls eyeing a move toward $70 while risks of a breakdown could drag prices back to $62.