DailyGraph

The USD/ZAR exchange rate has shed nearly 5% coming off its highest point since May 31st at 10.28 R/$ ( it’s weakest since March 2009). The recent reversal is likely an indication that the currency is oversold as and could evidently pullback even further, according to Moneyweb. The recent decline from its high can be seen in the 15min chart below

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