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FxWirePro: USD/ZAR moves in stiff boundaries, stay neutral

  • USD/ZAR is currently trading around 11.92 levels.
  • It made intraday high at 11.92 and low at 11.82 levels.
     
  • Intraday bias remains neutral for the movement.
     
  • A daily close above 11.95 will take the parity higher towards key resistances around 12.04, 12.15, 12.25, 12.32, 12.45, 12.61, 12.77 and 12.90 marks respectively.
     
  • Alternatively, a daily close below 11.82 will drag the parity down towards key supports at 11.73, 11.55 and 11.24 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 correction only.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

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February 19 21:45 UTC Released

NZPPI Output

Actual

1 %

Forecast

Previous

1 %

February 19 21:45 UTC Released

NZProducer Prices - Inputs QQ

Actual

0.9 %

Forecast

Previous

1 %

January 31 00:00 UTC 2916629166m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 2916629166m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 4098640986m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 2916629166m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 4098640986m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 2916629166m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 2916629166m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 2916629166m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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