Free Trial

On the back of the SARB hike, USDZAR...>

SOUTH AFRICA
SOUTH AFRICA: On the back of the SARB hike, USDZAR has broken through key
trendline support at 13.8334. The next support for USDZAR comes in at the 50%
retracement of 11.5078-15.6958/July 20 highs at 13.6252/6018. A break below here
would open up the 200-dma at 13.3157 and the 61.8% retracement/July lows at
13.1076/0810.

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.