Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: South African rand strengthens against U.S. dollar, bias remains bearish

  • USD/ZAR is currently trading around 13.14 levels.
  • It made intraday high at 13.17 and low at 13.12 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 13.28 marks.    
       
  • A daily close above 13.26 will take the parity higher towards key resistances around 13.37, 13.44, 13.58, 13.75, 13.95, 14.16, 14.29, 14.50, 14.75, 14.96, 15.05, 15.28 and 15.45 marks respectively.
     
  • Alternatively, a daily close below 13.26 will drag the parity down towards key supports at 13.12, 12.95, 12.70, 12.48, 12.30, 12.22 and 12.14 levels respectively.

We prefer to take short position in USD/ZAR only below 13.11, stop loss at 13.28 and target of 12.95/12.70.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

Fintech Week Chicago

April 28 06:00 UTC Released

ZAPvt Sector Credit Ext.*

Actual

4.95 %

Forecast

Previous

5.26 %

April 28 06:00 UTC Released

ZAM3 Money Supply YY*

Actual

5.62 %

Forecast

Previous

6.63 %

April 28 06:45 UTC 2323m

FRPvt Sector Credit Ext.*

Actual

Forecast

1.4 %

Previous

1.4 %

April 28 06:45 UTC 2323m

TRCPI (EU Norm) Prelim YY

Actual

Forecast

1.4 %

Previous

1.4 %

April 28 06:45 UTC 2323m

TRProducer Prices MM

Actual

Forecast

Previous

-0.2 %

April 28 06:45 UTC 2323m

FRConsumer Spending MM

Actual

Forecast

0.5 %

Previous

-0.8 %

April 28 06:45 UTC 2323m

FRProducer Prices MM

Actual

Forecast

Previous

-0.2 %

April 28 07:00 UTC 3838m

TRCPI (EU Norm) Prelim YY

Actual

Forecast

Previous

-3.69 %

April 28 07:30 UTC 6868m

TRProducer Prices MM

Actual

Forecast

Previous

8.00 %

April 28 07:30 UTC 6868m

EZInfl Fcast Curr Yr*

Actual

Forecast

Previous

8.00 %

Fintech Week Chicago
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.