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FxWirePro: South African rand strengthens against U.S. dollar, hits highest level since May 13

  • USD/ZAR is currently trading around 14.17 levels.
  • It made intraday high at 14.26 and low at 14.16 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 14.40 marks.
     
  • A daily close above 14.40 will take the parity higher towards key resistances around 14.50, 14.70, 14.94 and 15.26 marks respectively.
     
  • Alternatively, a daily close below 14.21 will drag the parity down towards key supports at 14.12, 14.02, 13.78 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 short position on USD/ZAR around 14.22, stop loss at 14.40 and target of 14.02/13.78.

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2019-07-02 15:32:08
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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 764671764671m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764671764671m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 776491776491m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 764671764671m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 776491776491m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 764671764671m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764671764671m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764671764671m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

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