Free Trial

CPI Data Due Wednesday, USDZAR Uptrend Remains Intact

  • Key domestic data this week will be September’s inflation readings which are due to be released on Wednesday. Retail sales for August are also scheduled.
  • Despite Thursday’s sharp pullback from the 18.5815 highs, the uptrend in USDZAR remains intact. The pair traded to fresh trend highs last week and breached resistance at 18.2214, the Sep 28 high. This maintains a bullish price sequence of higher highs and higher lows, reinforcing the bull trend condition. A resumption of gains would open the 19.00 handle. Key short-term support remains at 17.5709, the Oct 4 low.

To read the full story

Why Subscribe to


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.