Free Trial

CEEMEA FX Price Signal Summary - USDZAR Holds On To Its Recent Gains

EMERGING MARKETS
  • USDZAR has recovered from its recent lows and is holding onto its gains. A continuation higher would pave the way for a climb towards key resistance at 19.3899, the Feb 23 high. Key support has been defined at 18.5066, the Mar 13 low. A break would reinstate a bearish threat and open 18.2550, the Dec 29 low. Initial support to watch lies at 18.6478.
  • The path of least resistance in USDTRY is unchanged and remains up. Short-term weakness is considered corrective. Initial key support lies at 31.9256, the 20-day EMA. The 32.00 handle has been breached and this opens 33.00.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.