Today's CAD to ZAR Price Update

Summary

This report provides the real-time exchange rate between the Canadian Dollar (CAD) and South African Rand (ZAR), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Canadian Dollar (CAD) is a major fiat currency representing the economy of Canada, while the South African Rand (ZAR) is the official currency of South Africa. The exchange rate between them reflects market sentiment regarding both economies’ relative strength and investor confidence in currency stability.

Today’s Price

• 1 CAD = 12.13 ZAR
• 24h High: 12.1319 ZAR
• 24h Low: 12.0722 ZAR

Market Analysis

The CAD/ZAR pair currently exhibits neutral market conditions with moderate volatility over the 24-hour period.

• Technical levels: Key support levels at 12.19, 12.18, and 12.17 ZAR; resistance levels at 12.20, 12.21, and 12.22 ZAR
• Technical indicators: The 14-day Relative Strength Index (RSI) stands at 48.162, indicating a neutral position with no clear directional bias
• Price forecast: The CAD/ZAR exchange rate is forecasted to increase by 0.23% in the coming month, potentially rising to 12.17 ZAR

Conclusion

Continue to monitor the CAD/ZAR pair closely, integrating technical indicators with market sentiment. Traders should focus on key support and resistance zones for entry and exit opportunities, while remaining alert to any shifts in the RSI that could signal emerging directional momentum.