South African Rand (Zar) monthly forecast from 14/July/10.

Prediction Date: 14-Jul-2010 . Forecast confidence level = 80 percent.
1 Zar is likely to buy:

Currency	current_value	minimum	maximum
Zar/Usd	0.1328	0.1292	0.1361
Zar/Aud	0.1504	0.1430	0.1579
Zar/Chf	0.1400	0.1354	0.1420
Zar/Inr	6.1981	6.1499	6.1997
Zar/Cny	0.8998	0.8944	0.8946
Zar/Jpy	11.7342	11.2967	11.9117
Zar/Brl	0.2337	0.2289	0.2349
Zar/Gbp	0.0870	0.0832	0.0910
Zar/Nzd	0.1837	0.1750	0.1940
Zar/Cad	0.1370	0.1354	0.1380
Zar/Eur	0.1041	0.0999	0.1086

Technical Levels

The plot below shows the likely resistance and support levels. The current value, at the time the forecast was made, is shown by the red line.

Forecast Histogram

The plot below shows the likely distribution of values over the forecast period. The current value, at the time the forecast was made, is shown by the red line.

My Thoughts
The Rand's appreciation from its current valuation of 7.5 (versus the Usd), is going to be difficult. The Rand looks to be overvalued by about 300 pips.

Source | The Currency Forecasting Blog (CFB) | http://currency-forecasting.blogspot.com/2010/07/south-african-rand-zar-monthly-forecast.html