South African Rand: Gains against US Dollar at risk – Societe Generale Societe Generale analyzes USD/ZAR after its rebound above the 200-DMA, with an interim high near 16.75 and a current pullback towards 16.37.
The bank stresses the importance of the pair holding above the 200-DMA, noting two failed attempts earlier this year
It highlights downside risks towards 16.27 and 16.15 if 16.37