The USD/ZAR has traversed within its upper price range for the past week, frequently trading above the 17.00000 level with a couple instances of sharp reversals lower.

The USD/ZAR currency pair is trading near the 17.10000 mark as of this writing with fast conditions continuing to be demonstrated. After surpassing the 17.00000 value last week the USD/ZAR has been able to sustain its new apex highs, with an occasional burst of downwards price action too which has tested support levels. Technical traders may becoming comfortable with support near the 17.00000 level, but yesterday the USD/ZAR did fall to a low of nearly 16.94800, which broke a low on Monday of 16.9600.

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