USD/ZAR Outlook is Extremely Bearish

Emerging market currencies are likely to outperform the US dollar this year as the risk-on sentiment prevails.
The USD/ZAR price has formed a bearish channel on the daily chart and a rising widening wedge on the weekly chart.
Outlook is bearish for now.
Chart PatternsTechnical IndicatorsRANDsouthafricanrandTrend AnalysisUSDUSDZARusdzarshort

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