# The Rand Report | IG South Africa

> Technical analysis from IG notes that USD/ZAR broke above R13.15 and then R13.50, moving outside its previous medium-term range. The pair trades above its 20, 50 and 200-day moving averages, and the stochastic indicator shows it is overbought.

- Date: 2017-09-28 · published 2017-09-28T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/69236-the-rand-report-ig-south-africa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The chart signal indicates a continued uptrend in the dollar against the rand, which raises dollar-denominated feed import costs for South African buyers in the near term.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- ig.com: https://www.ig.com/za/view-ig/randreport280917-39992-170928

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