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FxWirePro: South African rand trades almost flat ahead of CPI, core CPI data

  • USD/ZAR is currently trading around 14.36 levels.
  • It made intraday high at 14.42 and low at 14.35 levels.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 14.50 marks.
     
  • A daily close above 14.40 will take the parity higher towards key resistances around 14.50, 14.75, 14.94 and 15.26 marks respectively.
     
  • Alternatively, a daily close below 14.40 will drag the parity down towards key supports at 14.27, 14.12, 14.02, 13.87, 13.78, 13.70 and 13.50 levels respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • South Africa will release CPI as well as core CPI data around 0800 GMT.

We prefer to take long position on USD/ZAR only above 14.50, stop loss at 14.27 and target of 14.75.

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June 18 23:50 UTC Released

JPTrade Balance Total Yen

Actual

-967.1 Bln JPY

Forecast

-979.2 Bln JPY

Previous

60.4 Bln JPY

June 18 23:50 UTC Released

JPImports YY

Actual

-1.5 %

Forecast

0.2 %

Previous

6.4 %

January 31 00:00 UTC 725853725853m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725853725853m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737673737673m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725853725853m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737673737673m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725853725853m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725853725853m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725853725853m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

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