Free Trial
US TSYS

Marginally Richer

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

CEEMEA FX Price Signal Summary - USDZAR Trendline Support Remains Exposed

EMERGING MARKETS
  • USDZAR is trading closer to its recent lows. Attention is on a key trendline support that intersects at 17.2115. The trendline is drawn from the Apr 13 low and represents a key short-term support. A clear break of this line would strengthen bearish conditions, and pave the way for a move to 16.9818 initially, the Sep 13 low. Initial firm resistance is at 17.7045, the 20-day EMA.
  • The primary trend direction in USDTRY is unchanged and remains up. The 18.6000 handle has recently been breached and a continuation higher would open 18.70 and beyond. The 50-day EMA, at 18.4374, marks the key support.
102 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • USDZAR is trading closer to its recent lows. Attention is on a key trendline support that intersects at 17.2115. The trendline is drawn from the Apr 13 low and represents a key short-term support. A clear break of this line would strengthen bearish conditions, and pave the way for a move to 16.9818 initially, the Sep 13 low. Initial firm resistance is at 17.7045, the 20-day EMA.
  • The primary trend direction in USDTRY is unchanged and remains up. The 18.6000 handle has recently been breached and a continuation higher would open 18.70 and beyond. The 50-day EMA, at 18.4374, marks the key support.