The British pound has rallied during the Tuesday session, slamming into the 1.3250 area, an area that was previously support, and as of late, has been resistance.
The USD/ZAR exchange rate pulled back on Wednesday as the US dollar retreated. It dropped to 16.95, down slightly from this week's high of 17.23. This retreat may continue in the near term after the pair formed a rising wedge pattern.