Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: South African rand trades marginally lower ahead of CPI, core CPI data

  • USD/ZAR is currently trading around 14.06 levels.
  • It made intraday high at 14.07 and low at 14.00 levels.
     
  • Intraday bias remains bullish till the time pair holds key support 13.90 mark.
     
  • A daily close above 14.12 will take the parity higher towards key resistances around 14.27, 14.38 and 14.64 marks respectively.
     
  • Alternatively, a daily close below 14.02 will drag the parity down towards key supports at 13.90, 13.70, 13.50, 13.36, 13.22, 13.07, 12.94 and 12.66 levels respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correcton only.
     
  • South Africa will release CPI as well as core CPI data at 0800 GMT.

We prefer to take long position on USD/ZAR around 14.02, stop loss at 13.87 and target of 14.64.

  • ET PRO
  • Market Data

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

2019-03-18 07:01:54
0m
2019-03-18 07:01:36
0m
2019-03-18 07:01:09
0m
2019-03-18 07:00:56
0m

March 19 07:00 UTC Released

CHTrade

Actual

3125 Mln CH

Forecast

Previous

3043 Mln CH

March 19 00:30 UTC Released

AUHome Price Index*

Actual

-2.4 %

Forecast

-2 %

Previous

-1.5 %

January 31 00:00 UTC 594537594537m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 594537594537m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 606357606357m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 594537594537m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 606357606357m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 594537594537m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 594537594537m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 594537594537m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

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