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FxWirePro: USD/ZAR trades in narrow range, good to buy on dips

  • USD/ZAR is currently trading around 14.41 levels.
  • It made intraday high at 14.46 and low at 14.33 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 14.10 mark.
     
  • A daily close above 14.45 will take the parity higher towards key resistances around 14.62, 14.78, 14.94, 15.06, 15.22 and 15.32 marks respectively.
     
  • Alternatively, a daily close below 14.45 will drag the parity down towards key supports at 14.10, 14.02, 13.90, 13.82, 13.68 and 13.56 levels respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to take long position on USD/ZAR around 14.40, stop loss at 14.10 and target of 14.78.

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2018-11-16 11:19:27
0m

November 16 11:30 UTC Released

INFX Reserves, USD

Actual

393.01 Bln USD

Forecast

Previous

393.13 Bln USD

November 16 11:00 UTC Released

ITConsumer Prices Final YY

Actual

1.6 %

Forecast

1.6 %

Previous

1.6 %

January 31 00:00 UTC 416854416854m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 416854416854m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 428674428674m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 416854416854m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 428674428674m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 416854416854m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 416854416854m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 416854416854m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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