Free Trial

CEEMEA FX Price Signal Summary - USDZAR Support Remains Intact

  • USDZAR traded lower Thursday. Attention is on support at 18.0420, the Mar 14 low (pierced) and 17.9987, the 50-day EMA. A clear breach of this support zone would reinforce any developing bearish threat and expose 17.8813, the Feb 15 low. Key resistance and the bull trigger is unchanged at 18.7192, the Mar 8 high. Clearance of this hurdle would resume the uptrend and open the 19.00 handle.
  • The primary trend direction in USDTRY is unchanged and the path of least resistance remains up. The 19.00 handle has been breached and the focus is on 19.20. The 20-day EMA at 18.9662, marks the first support.

To read the full story



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.