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South Africa Rand Forecast: USD/ZAR, GBP/ZAR, EUR/ZAR Price Levels Rand Price Analysis: GBP/ZAR tests trendline resistance EUR/ZAR remains bound by Fibonacci support Advertisement The South African Rand has managed to maintain the downward trajectory against major currencies, buoyed by increased risk sentiment and US Dollar weakness. Despite a reduction in the number of new Covid-19 cases, the South African variant continues to hinder the progression of the vaccination program with the Johnson and Johnson vaccine displaying the highest level of effectiveness towards the unique strain. With the first batch of J&J vaccinations arriving earlier this week, healthcare workers are now eligible to receive the inoculation although further details regarding the rollout to the greater population remains vague.

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