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Market Overview
The CAD/ZAR pair closed at 12.18213, continuing its downtrend with a slight decline of 0.08% from the previous close. Over the past 30 days, the pair has decreased by approximately 0.30%, reflecting persistent bearish pressure. The outlook remains cautious as no major economic events are scheduled imminently to alter this trajectory. Technical indicators show the 20-day moving average at 12.21, the 50-day near 12.21, and the 200-day also around 12.21, with the RSI indicating subdued momentum. Nearest support is at 12.18, while resistance is observed near 12.22. These factors align with the ongoing downtrend and suggest continued pressure on the pair. For information only.
Last Updated 12/4/25

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.