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 >

August 20 23:00 UTC Released

JPReuters Tankan DI

Actual

27 %

Forecast

Previous

26 %

August 20 21:00 UTC Released

KRPPI Growth MM*

Actual

0.1 %

Forecast

Previous

-0.4 %

August 21 08:30 UTC 339339m

ID7-Day Reverse Repo*

Actual

Forecast

Previous

6.278 %

August 21 08:30 UTC 339339m

IDDeposit Facility Rate*

Actual

Forecast

Previous

18.283 %

August 21 12:30 UTC 579579m

IDLending Facility Rate*

Actual

Forecast

Previous

0.9 %

August 21 12:30 UTC 579579m

DEZEW Economic Sentiment*

Actual

Forecast

Previous

0.13 %

August 21 12:30 UTC 579579m

USNational Activity Index*

Actual

Forecast

Previous

0.13 %

August 21 12:30 UTC 579579m

CAWholesale Trade MM

Actual

Forecast

-0.4 %

Previous

0.9 %

August 21 14:30 UTC 699699m

TRReuters Tankan DI

Actual

Forecast

Previous

811.8 Bln TRY

August 21 14:30 UTC 699699m

DEZEW Current Conditions*

Actual

Forecast

Previous

811.8 Bln TRY

Close

Welcome to EconoTimes

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