# Currencies: The end of consolidation is imminent for the USDZAR | MarketScreener

> The South African rand has lost nearly half its value since mid-2021 despite a yield advantage over the US. Technical analysis shows USDZAR in an uptrend channel, with a breakout above 19.20 expected to signal further gains toward 19.80.

- Date: 2024-02-26 · published 2024-02-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/31942-currencies-the-end-of-consolidation-is-imminent-for-the-usdzar-marketscreener
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The analysis points to continued rand weakness against the dollar, which would keep South African import costs for feed ingredients elevated.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- marketscreener.com: https://www.marketscreener.com/news/latest/Currencies-The-end-of-consolidation-is-imminent-for-the-USDZAR-46027231/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.