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Upbeat SA trade data provides USD/ZAR a brief lift

Tuesday, March 31, 2015 12:36 PM UTC

Source: Thomson Reuters

USD/ZAR looks heavy, profit taking provided better buy levels into the data
SA trade deficit 8.48bln vs -24.22bln Jan, -5.7bln expected
Qtr-end demand for Dollars and this the broader market theme too
Next resistance for the pair seen at 61.8% Fibo, 12.5250-11.7550, at 12.2309
After Monday's close above 12.15 pair could test 12.30s but 12.16-17 risk first

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Upbeat SA trade data provides USD/ZAR a brief lift

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