USD/ZAR: Buy or sell?
ScoreThe USD/ZAR, pairing the US Dollar with the South African Rand, is a key emerging market currency pair watched closely by investors. As of July 10, 2025, it trades around 17.77. While it has declined over the past year, recent weeks have shown renewed upward momentum, highlighting its characteristic volatility and making it a focal point for 2025.
Forecasts for USD/ZAR:
- End of July 2025: 17.87 - 18.31
- End of August 2025: 18.02 - 18.40
- End of September 2025: 18.00 - 18.62
- Long-Term (12-month outlook): Anticipated bullish trend, with a target range of 18.00 - 19.50.
Currently trading around 17.77, the USD/ZAR has recently been influenced by a weakening US dollar and improved political stability in South Africa following the formation of a coalition government. These factors have contributed to the Rand's recent strength. However, the underlying trend remains subject to global risk appetite and commodity prices. According to our analysis, the current dynamic, coupled with the long-term bullish forecast for the US dollar against the rand, may present a noteworthy juncture for traders. The consensus analyst forecast points towards a potential rise to the 18.00 - 19.50 range over the next 12 months.
The essentials to know about USD/ZAR
Economic & Political Factors: The Rand's value is heavily tied to South Africa's political climate, which has recently stabilized with a new coalition government. On the US side, disappointing growth data and moderate inflation are increasing expectations for an interest rate cut by the Federal Reserve, which currently pressures the dollar.
Monetary Policy Divergence: The South African Reserve Bank (SARB) maintains a high interest rate of 7.5%, compared to the US Fed's 4.5%. This significant differential can attract investors to the Rand (carry trade), but anticipated rate cuts by both central banks will be a key driver of the pair's direction.
Commodity and Risk Sentiment: As an emerging market currency, the Rand is sensitive to global risk appetite and the prices of key South African exports like gold and platinum. The US dollar often acts as a safe haven, meaning the USD/ZAR pair typically rises during periods of global uncertainty.
- ✅Offers significant profit potential due to its moderate volatility.
- ✅High interest rate differential provides carry trade opportunities.
- ✅Strongly correlated with commodity prices like gold and platinum.
- ✅Highly reactive to economic news, creating frequent trading signals.
- ✅Sufficient liquidity for retail trading on most platforms.
- ❌Highly sensitive to South Africa's domestic political landscape and stability.
- ❌Vulnerable to sudden shifts in global risk sentiment and investor appetite.
Score- ✅Offers significant profit potential due to its moderate volatility.
- ✅High interest rate differential provides carry trade opportunities.
- ✅Strongly correlated with commodity prices like gold and platinum.
- ✅Highly reactive to economic news, creating frequent trading signals.
- ✅Sufficient liquidity for retail trading on most platforms.
USD/ZAR: Buy or sell?
- ✅Offers significant profit potential due to its moderate volatility.
- ✅High interest rate differential provides carry trade opportunities.
- ✅Strongly correlated with commodity prices like gold and platinum.
- ✅Highly reactive to economic news, creating frequent trading signals.
- ✅Sufficient liquidity for retail trading on most platforms.
- ❌Highly sensitive to South Africa's domestic political landscape and stability.
- ❌Vulnerable to sudden shifts in global risk sentiment and investor appetite.
Score- ✅Offers significant profit potential due to its moderate volatility.
- ✅High interest rate differential provides carry trade opportunities.
- ✅Strongly correlated with commodity prices like gold and platinum.
- ✅Highly reactive to economic news, creating frequent trading signals.
- ✅Sufficient liquidity for retail trading on most platforms.
- End of July 2025: 17.87 - 18.31
- End of August 2025: 18.02 - 18.40
- End of September 2025: 18.00 - 18.62
- Long-Term (12-month outlook): Anticipated bullish trend, with a target range of 18.00 - 19.50.
- USD/ZAR in brief
- Price: Evolution and Real-Time Chart
- USD/ZAR Forecast: Should You Invest in This Currency Pair?
- Trading Profile: How to Trade the Pair Effectively?
- Our 10 tips for trading the USD/ZAR
- How to trade the USD/ZAR pair
- The Latest News on the Pair
- FAQ
- On the same topic
Why trust Hellosafe?
At HelloSafe, our expert has been monitoring the USD/ZAR pair for over three years. Every month, hundreds of thousands of users in France trust us to analyze market trends and identify the best investment opportunities. Our analyses are published for informational purposes only and do not constitute investment advice.
USD/ZAR in brief
| Element | Detail |
|---|---|
| 📛 Pair name | USD/ZAR |
| 🗂️ Pair type | Exotic pair |
| 🌍 Concerned regions | United States / South Africa |
| 💶 Base currency | USD (United States Dollar) |
| 💵 Quote currency | ZAR (South African Rand) |
| 📊 1-month variation | +1.85% (approx.) |
| 📉 Average volatility (30-day rolling, in %) | 0.66% |
| 📈 12-month high | 19.94 ZAR |
| 📉 12-month low | 17.03 ZAR |
| 💹 Current price | 17.77 ZAR (as of July 10, 2025) |
Price: Evolution and Real-Time Chart
The USD/ZAR exchange rate is a crucial barometer for emerging market sentiment and the economic health of South Africa. Its value is driven by a dynamic interplay of global and local factors. Key influences include the monetary policy divergence between the U.S. Federal Reserve and the South African Reserve Bank (SARB), critical economic data releases from both nations (such as inflation and GDP), and the broader geopolitical landscape, which affects global risk appetite and commodity prices—a cornerstone of the South African economy.
| Period | Approximate price level | Variation (%) |
|---|---|---|
| 1 week | 17.77 ZAR | +1.43% |
| 1 month | 17.77 ZAR | -1.50% |
| Since January 1st | 17.77 ZAR | -6.08% |
| 12 months | High: 19.94 ZAR / Low: 17.03 ZAR | -1.85% |
The pair's average daily volatility over the last 30 days is around 1,900 pips. This high level of volatility, characteristic of an emerging market currency, presents both significant opportunities and heightened risks for active traders. Such large daily price swings can lead to substantial profits for day traders and scalpers who can correctly anticipate market direction, but they also necessitate disciplined risk management, including the use of tight stop-losses to protect capital.
Recently, the USD/ZAR has experienced a downward trend, reflecting a rebound in the South African rand. This move has been largely supported by a general weakening of the U.S. dollar amid expectations of a more accommodative Federal Reserve policy and a reduction in global geopolitical tensions. From a technical standpoint, the pair is currently testing a key support zone around 17.70 ZAR, while facing resistance near the 17.83-17.90 ZAR levels. The fundamental backdrop remains complex, with a significant interest rate differential favouring the ZAR, balanced against the currency's sensitivity to global risk sentiment and commodity price fluctuations.
USD/ZAR Forecast: Should You Invest in This Currency Pair?
As of mid-2025, the USD/ZAR is at a critical juncture, navigating a complex interplay of global risk sentiment and diverging monetary policy outlooks. After a period of significant strength that saw the pair reach historical highs earlier in the year, the South African Rand has recently staged a recovery, pushing USD/ZAR down to the 17.77 level. This renewed ZAR strength is fueled by a more stable domestic political environment following the formation of a coalition government and a broader "risk-on" mood in global markets. However, with both the US Federal Reserve and the South African Reserve Bank (SARB) signaling potential shifts in their interest rate policies, uncertainty remains high, and the pair is currently consolidating with moderate volatility around key long-term technical levels.
Fundamental analysis
The fundamental outlook for USD/ZAR is balanced on a knife's edge, caught between South Africa's attractive interest rates and its underlying economic vulnerabilities.
- Interest rates and inflation: The primary pillar supporting the Rand is the substantial interest rate differential. With the SARB's policy rate at 7.5% compared to the Fed's 4.5%, holding the ZAR offers a significant "carry" advantage. However, with inflation moderating in both economies, markets are anticipating rate cuts from both central banks. The future trajectory of USD/ZAR will heavily depend on the timing and pace of these easing cycles. A faster-than-expected rate cut from the SARB or a delay in Fed cuts would be bullish for USD/ZAR.
- Central bank decisions: The SARB is focused on anchoring inflation expectations without stifling fragile economic growth. Any communication suggesting a premature pivot to aggressive easing could weaken the Rand. In the US, recent disappointing growth data has increased the likelihood of Fed rate cuts, which has recently weighed on the dollar and supported the Rand.
- Economic and political stability: For the ZAR, domestic factors are paramount. The current political stability under the coalition government is a major positive. However, the South African economy remains exposed to challenges like energy shortages and high unemployment. Globally, the ZAR is highly sensitive to risk sentiment; any geopolitical flare-up or trade-related tension can quickly reverse its gains.
Key economic releases to monitor:
- SARB and Fed Interest Rate Decisions and statements
- Monthly inflation data (CPI) for both South Africa and the US
- US employment data (Non-Farm Payrolls) and SA unemployment figures
- South African PMI, mining, and retail sales data
- Global commodity price movements
Good to know
The USD/ZAR is highly sensitive to global risk appetite and commodity prices. As a major exporter of precious metals, the Rand (ZAR) is positively correlated with the prices of gold and platinum. Furthermore, the ZAR is considered a "risk-on" currency. It tends to strengthen (USD/ZAR falls) when global markets are optimistic and investors are buying emerging market assets. Conversely, during times of global uncertainty, investors often flee to the safety of the US Dollar, causing USD/ZAR to rise.
Technical analysis
The technical picture for USD/ZAR reflects the current market indecision, with the pair trading at a critical support level after a significant pullback.
- Trend: After a strong bullish trend, the pair has been in a corrective downtrend for the past six months. It is now testing its long-term 200-day moving average, a key indicator of the long-term trend's health. The ADX indicator is low, suggesting the market currently lacks a strong directional trend and is in a consolidation phase.
- Support and resistance:
- Key support is concentrated in the 17.68 - 17.70 zone, which includes the 200-day moving average. A firm break below this level would be a significant bearish signal, opening the door to further downside toward 17.60 and 17.42.
- Immediate resistance is found at 17.83 (the pivot point), with a stronger barrier at 17.90 and 18.15.
- Technical indicators:
- Moving Averages (MA): The signals are mixed. The price is trading below most short-to-medium term MAs (10, 20, 50-day), which is a bearish sign. However, it is still holding above the crucial 200-day MA, which offers long-term support.
- RSI (Relative Strength Index): The RSI is in neutral territory around 45-49, indicating that the pair is neither overbought nor oversold and has room to move in either direction.
- MACD: The MACD is slightly negative, reflecting the recent bearish momentum, but it is close to the zero line, suggesting the momentum is waning.
Potential scenarios could involve a bullish rejection from the 200-day MA support, where a bounce could see the price challenge the 17.90 resistance. Conversely, a failure to hold this support and a decisive break below 17.68 could confirm the continuation of the recent bearish correction, with 17.42 as a potential next target.
Trading Profile: How to Trade the Pair Effectively?
The USD/ZAR pair, pairing the U.S. dollar with the South African rand, is a popular choice among traders seeking exposure to emerging markets. As an "exotic" pair, it offers higher volatility than major currencies, creating significant trading opportunities. Its price movements are often driven by a clear set of factors, including U.S. monetary policy, South Africa's economic health, political stability, and global commodity prices (especially gold and platinum). This makes it an accessible yet dynamic instrument for traders who follow macroeconomic trends.
Recommended trading strategy
| Trading Style | Relevance on USD/ZAR | Why? |
|---|---|---|
| Scalping | Low | Not ideal. The spreads on USD/ZAR are typically wider than on major pairs, which can quickly erode the small profits targeted in scalping. This style is better suited for very experienced traders with low-cost brokers. |
| Day trading | High | Excellent fit. The pair's significant intraday volatility, especially around economic news from the U.S. or South Africa, provides ample opportunities. Day traders can capitalize on strong, short-term price swings within a single session. |
| Swing trading | Very High | Highly effective. USD/ZAR often develops clear medium-term trends lasting several days or weeks, driven by interest rate differentials and risk sentiment. This allows swing traders to capture larger moves based on fundamental and technical analysis. |
| Long term | Moderate | Viable for patient investors. This approach requires a deep understanding of the long-term economic outlook for both countries. While potentially profitable, it demands a high tolerance for volatility and the ability to manage positions through political or economic turbulence. |
Maximum volatility hours
The highest volatility for USD/ZAR typically occurs when the market sessions of both countries overlap, boosting liquidity and price movement.
| Time Slot (CET) | Observed Activity |
|---|---|
| 09:00 - 12:00 | Moderate to High: Activity increases with the opening of the European and South African markets. Economic data from the Eurozone can have a spillover effect. |
| 14:30 - 18:00 | High: This is the peak volatility window, corresponding to the overlap between the New York and Johannesburg sessions. U.S. economic data releases during this time cause the sharpest moves. |
| 18:00 - 22:00 | Low to Moderate: Volatility tends to decrease after the European and South African markets close, but some movement can still occur during the latter part of the U.S. session. |
Expert Tip
For active day trading, focus on the 14:30 to 18:00 CET window. This period offers the best combination of high liquidity and significant volatility, creating the most favourable conditions for entering and exiting trades based on key U.S. data releases.
Liquidity and traded volume
- Average Daily Volume: While lower than major pairs like EUR/USD, the volume is substantial enough to ensure good liquidity for retail traders.
- Market Share: The South African rand is the most traded currency in Africa and is considered a major emerging market currency.
- Typical Spreads: As an exotic pair, spreads are wider than on majors, typically ranging from 10 to 25 pips, depending on the broker and market conditions.
Recommended leverage and risk management
In Canada, leverage is regulated by the Canadian Investment Regulatory Organization (CIRO), and the maximum leverage for exotic pairs like USD/ZAR is typically lower than for majors.
- Beginner: 1:5 to 1:10 - This helps limit risk while learning the pair's behaviour.
- Intermediate: 1:10 to 1:20 - Suitable for traders with a proven strategy and solid risk management.
- Advanced: Up to the maximum allowed by your broker (e.g., 1:30 or higher, depending on the broker's specific risk policy for this pair). This should only be used by highly experienced traders who fully understand the risks.
Warning!
Effective risk management is non-negotiable when trading a volatile pair like USD/ZAR. Always place a stop-loss order on every trade to define your maximum loss. Never risk more than 1-2% of your total trading capital on a single position to protect your account from significant drawdowns.
Our 10 tips for trading the USD/ZAR
| Advice | Why it's important |
|---|---|
| 1. Understand commodity prices | The South African Rand (ZAR) is a commodity currency. Track the prices of gold and platinum, as rising prices often strengthen the ZAR, pushing USD/ZAR down, and vice versa. |
| 2. Monitor risk sentiment | USD/ZAR is a barometer for global risk appetite. In "risk-off" periods, investors flock to the safe-haven USD, pushing the pair higher. In "risk-on" periods, emerging market currencies like the ZAR tend to gain. |
| 3. Use wider stop-losses | As an emerging market pair, USD/ZAR is more volatile than majors. Set wider stop-losses than you would for pairs like EUR/USD to avoid being stopped out by normal market noise. |
| 4. Reduce your position size | To compensate for the higher volatility and wider stops, trade with smaller position sizes. This is a crucial risk management practice to protect your capital from sharp swings. |
| 5. Follow central bank news | Pay close attention to announcements from the US Federal Reserve (Fed) and the South African Reserve Bank (SARB). Divergence in interest rate policy is a primary driver of the long-term trend. |
| 6. Watch the economic calendar | Key US data (e.g., Non-Farm Payrolls, CPI) and South African data (e.g., inflation, GDP, political news) can cause significant price spikes. Be aware of when these releases are scheduled. |
| 7. Trade during liquid hours | The best liquidity for USD/ZAR is during the overlap of the European and North American trading sessions (approx. 8 AM to 12 PM EST). Trading during these hours ensures tighter spreads. |
| 8. Focus on key technical levels | The pair often respects major long-term support and resistance levels. Identifying these on daily or weekly charts can provide high-probability entry and exit points for swing trades. |
| 9. Avoid leverage abuse | While leverage can amplify gains, it also magnifies losses. Given the inherent volatility of USD/ZAR, using excessive leverage is one of the quickest ways to deplete a trading account. |
| 10. Be aware of political risk | The ZAR is highly sensitive to South Africa's internal political climate. News about government stability, elections, or policy changes can trigger abrupt and significant moves in the pair. |
Strategies to trade USD/ZAR
| Strategy | Description | Relevance on USD/ZAR |
|---|---|---|
| Breakout Trading | Entering a trade when the price moves decisively through a key support or resistance level after a period of consolidation. | Highly relevant. USD/ZAR can consolidate for extended periods before breaking out powerfully on news related to commodities or politics, creating strong directional trends. |
| Technical Rebound | Also known as range trading, this involves buying at established support and selling at established resistance within a defined price channel. | Effective during periods of political stability or when the market is waiting for a major catalyst from the Fed or SARB. It works best when the pair is not in a strong trend. |
| News Trading | Placing trades around major economic announcements, such as interest rate decisions, NFP reports, or inflation data. | This strategy offers high-reward potential due to the sharp volatility spikes around news events, but it is also very high-risk and requires precise execution and risk management. |
| Moving Averages | Using moving averages (e.g., the 50-day and 200-day MAs) to identify the direction of the primary trend and look for entries on pullbacks. | Excellent for capturing the long-term swings driven by fundamental factors like interest rate differentials or sustained trends in commodity prices. |
Backtests and historical behaviors
The USD/ZAR is characterized by its high volatility and tendency to form long, sustained trends punctuated by sharp reversals.
- Historical variation zone: The pair has a very wide historical range. While the 52-week range sits between approximately 17.00 and 19.94, it is capable of movements far beyond these boundaries, reflecting its sensitivity to global and local crises.
- Seasonality: Clear seasonal patterns are difficult to establish. The pair's movements are more closely tied to the global risk cycle and commodity price trends than to the time of year. However, global market tendencies like year-end "risk-on" rallies can sometimes influence the ZAR.
- Average monthly performance: Performance is highly inconsistent month-to-month and is heavily event-driven. A month with a key SARB decision or major US data release will behave very differently from a quiet month. Analysis shows that trends, once established, can last for several months.
- Most volatile days: Volatility typically spikes on days with major economic data releases from the U.S. (e.g., the first Friday of the month for Non-Farm Payrolls) or South Africa (SARB meetings, budget speeches). Intraday, the highest volatility is usually seen during the London/New York session overlap.
How to trade the USD/ZAR pair
| Step | Description |
|---|---|
| Choose a reliable broker | Select a broker regulated in Canada by the Investment Industry Regulatory Organization of Canada (IIROC). Ensure they offer the USD/ZAR pair with competitive spreads, low fees, and a reliable trading platform. |
| Understand the fundamentals | Track key economic drivers for both currencies: US Federal Reserve (Fed) interest rate decisions and South African Reserve Bank (SARB) policy. Monitor commodity prices (especially gold and platinum), South African political news, and key US economic data like inflation (CPI) and employment (NFP). |
| Analyze the charts | Use technical analysis to identify trends, patterns, and key price levels. Utilize indicators like the Relative Strength Index (RSI) to identify overbought or oversold conditions, MACD for momentum, and moving averages to determine the trend direction. Pinpoint major support and resistance levels where price may reverse. |
| Define your trading strategy | Based on your analysis, decide on a strategy. This could be trend-following during strong directional moves, range trading between established support and resistance, or breakout trading when the price moves beyond a key level. |
| Place orders and manage risk | Execute your trade with a clear entry point. Crucially, set a stop-loss order to limit your potential loss and a take-profit order to secure profits at a target level. Apply sound money management by risking only a small fraction (e.g., 1-2%) of your capital per trade. |
| Monitor positions and adjust as needed | Once a trade is live, monitor its progress and stay informed about upcoming economic news that could impact USD/ZAR. Be prepared to adjust your stop-loss or take-profit orders if market conditions change significantly, but avoid emotional decisions. |
The Latest News on the Pair
July 9, 2025 – The key deadline for new US tariff policies passed with signs of a reduction in trade tensions, easing fears of escalating global trade disputes. This development improved sentiment towards export-driven emerging markets, including South Africa. The positive news provided a direct boost to the Rand, causing the USD/ZAR pair to decline and test technical support levels below the 17.80 ZAR mark.
Early July 2025 – A ceasefire agreement between Iran and Israel was reached, leading to a significant de-escalation of geopolitical risk in the Middle East. This event spurred a "risk-on" shift in global markets, where investors sold safe-haven assets like the US dollar to buy higher-yielding emerging market currencies. As a result, the Rand strengthened, pushing the USD/ZAR pair lower from above 18.00 ZAR.
Late June 2025 – The South African Reserve Bank (SARB) held its benchmark interest rate firm at 7.5%, maintaining a substantial yield advantage over the US rate of 4.5%. This decision reinforced the attractiveness of the Rand for carry trade investors seeking higher returns. The policy stability provided a solid foundation of support for the ZAR, contributing to downward pressure on the USD/ZAR exchange rate.
Late June 2025 – Economic data released from the United States pointed to a greater-than-expected slowdown in growth, strengthening market expectations that the Federal Reserve will move towards cutting interest rates later in the year. The prospect of a more dovish Fed policy weakened the US dollar across the board, causing the USD/ZAR to fall as the relative appeal of the dollar diminished.
FAQ
What is the current trend for USD/ZAR?
The current trend for USD/ZAR is largely neutral with a recent bearish bias, as the pair has pulled back from its highs. This downward pressure is influenced by a softening US dollar and relative political stability in South Africa. The pair is currently trading within a range defined by key support around the 17.70 ZAR level and significant resistance near 17.90 ZAR. Future direction will likely depend on monetary policy decisions from both the Fed and the South African Reserve Bank.
Is it a good time to buy USD/ZAR?
This is a nuanced decision that depends on your risk tolerance. A sustained break above the 17.90 ZAR resistance could signal a potential buying opportunity for traders anticipating a reversal. However, given the rand's recent resilience and prevailing market uncertainties, a more cautious approach would be to wait for confirmation of a new uptrend. Factors like commodity prices and US economic data will be critical in determining the next significant move for the pair.
Can you trade USD/ZAR with a small capital?
Yes, trading USD/ZAR is accessible even with a small capital due to the availability of leverage and micro lots from most brokers. Its moderate liquidity and volatility make it a manageable emerging market pair. However, it is crucial for traders to practice stringent risk management. Always use a stop-loss and risk only a small fraction (e.g., 1-2%) of your capital per trade to protect against the sudden moves that can characterize emerging market currencies.
What are the best hours to trade USD/ZAR?
The most active and opportune hours to trade USD/ZAR are during the overlap of the London and New York trading sessions, typically from 8:00 AM to 12:00 PM EST. During this four-hour window, liquidity is at its highest, which often results in tighter spreads and more significant price movements. Volatility also tends to spike around major economic announcements from the US or South Africa, making these periods critical to watch.
What strategy works best for this pair?
Strategies based on key technical levels, such as breakout and range-trading, are often effective for USD/ZAR. A breakout strategy involves entering a trade after the price decisively crosses a major support or resistance level. Alternatively, range-trading focuses on buying near established support and selling near resistance. Key indicators like the Relative Strength Index (RSI) can help identify overbought or oversold conditions, while moving averages can confirm the underlying trend's direction.
What is the current trend for USD/ZAR?
The current trend for USD/ZAR is largely neutral with a recent bearish bias, as the pair has pulled back from its highs. This downward pressure is influenced by a softening US dollar and relative political stability in South Africa. The pair is currently trading within a range defined by key support around the 17.70 ZAR level and significant resistance near 17.90 ZAR. Future direction will likely depend on monetary policy decisions from both the Fed and the South African Reserve Bank.
Is it a good time to buy USD/ZAR?
This is a nuanced decision that depends on your risk tolerance. A sustained break above the 17.90 ZAR resistance could signal a potential buying opportunity for traders anticipating a reversal. However, given the rand's recent resilience and prevailing market uncertainties, a more cautious approach would be to wait for confirmation of a new uptrend. Factors like commodity prices and US economic data will be critical in determining the next significant move for the pair.
Can you trade USD/ZAR with a small capital?
Yes, trading USD/ZAR is accessible even with a small capital due to the availability of leverage and micro lots from most brokers. Its moderate liquidity and volatility make it a manageable emerging market pair. However, it is crucial for traders to practice stringent risk management. Always use a stop-loss and risk only a small fraction (e.g., 1-2%) of your capital per trade to protect against the sudden moves that can characterize emerging market currencies.
What are the best hours to trade USD/ZAR?
The most active and opportune hours to trade USD/ZAR are during the overlap of the London and New York trading sessions, typically from 8:00 AM to 12:00 PM EST. During this four-hour window, liquidity is at its highest, which often results in tighter spreads and more significant price movements. Volatility also tends to spike around major economic announcements from the US or South Africa, making these periods critical to watch.
What strategy works best for this pair?
Strategies based on key technical levels, such as breakout and range-trading, are often effective for USD/ZAR. A breakout strategy involves entering a trade after the price decisively crosses a major support or resistance level. Alternatively, range-trading focuses on buying near established support and selling near resistance. Key indicators like the Relative Strength Index (RSI) can help identify overbought or oversold conditions, while moving averages can confirm the underlying trend's direction.
On the same topic
