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TECHS: CEEMEA FX Price Signal Summary: USDZAR Holds Onto Gains

EMERGING MARKETS
  • EURHUF is firmer and extending the climb that started Feb 2. Clearance of resistance at 361.92, Jan 11 high signals scope for a move towards 363.90, Jan 1 high and the former hurdle for bulls at 365.22, Dec 31 high. Firm support is seen at 359.33, Feb 25 low.
  • EURPLN is firmer and extending the recovery that has been in place since Feb 10. Attention is on the 4.5500 handle and 4.5618, Jan 28 high. Support lies at 4.5032, Feb 25 low.
  • USDZAR is holding onto recent gains and maintains a firmer tone following last Thursday's strong rally. An extension higher would open 15.3792, Jan 28 high. Key support has been defined at 14.3966, Feb 24 low.
  • USDTRY gains appear to have stalled ahead of 7.5000. Attention turns to 7.1627, the 20-day EMA where a break would refocus attention to 7.00. Price needs to clear Friday's high of 7.4850 to expose once again, key resistance at 7.5426, Jan 18 high.
  • Recent price action in USDRUB has defined 75.0632, Feb 22 high and 73.1482, Feb 16 low as the key short-term directional triggers.
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