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Israel Market Snapshot: Palestine Tensions Drive USD/ILS Higher, Stocks Tumble

ISRAEL
  • USD/ILS trades +0.67% today, having moved through 3.27 topside as risks to escalated military conflict with Palestine increase.
  • Major lateral resistance seen at 3.2873, drawn off the 15 Jan high, followed by 3.2976 & 3.3112
  • TA-35 index is trading -1.26% lower, falling back below 1,650 to eye dynamic resistance from the 50dma (1,610) and lateral support in the 1,570-1,600 range.
  • RSI has dipped below the 50 mark, signalling near-term momentum has shifted to the downside


MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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