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FxWirePro: South African rand falls gradually against U.S. dollar, stay bullish only above 14.54 mark

  • USD/ZAR is currently trading around 14.49 levels.
  • It made intraday high at 14.54 and low at 14.46 levels.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 14.54 mark.
     
  • A daily close above 14.54 will take the parity higher towards key resistances around 14.64, 14.94 and 15.26 marks respectively.
     
  • Alternatively, a daily close below 14.54 will drag the parity down towards key supports at 14.40, 14.22, 14.02, 13.93, 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.

We prefer to take long position on USD/ZAR only above 14.54, stop loss at 14.40 and target of 14.94.

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2019-06-27 00:41:53
0m

June 27 01:30 UTC Released

CNSales Turnover

Actual

1.1 Percent

Forecast

Previous

-3.7 Percent

June 27 01:30 UTC Released

CNTurnover/sales cum Y/Y

Actual

-2.3 Percent

Forecast

Previous

-3.4 Percent

January 31 00:00 UTC 737453737453m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 737453737453m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 749273749273m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 737453737453m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 749273749273m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 737453737453m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 737453737453m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 737453737453m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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