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US TSYS SUMMARY

Narrow Range Ahead April FOMC Minutes

AUSSIE 10-YEAR TECHS

(M1) Resistance Remains Intact

USDJPY TECHS

Retracing Recent Gains

CANADA

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  • USD/ZAR seen retracing early downside on a firmer greenback, having pulled away from 14.50 for a third consecutive session.
  • Risk sentiment has seemingly taken a bit of a knock following a downturn in US equities in yesterday's session.
  • Govt remains firm on its resolution to suspend corruption accused officials, with suspension letters due to arrive immanently before the final suspension on Monday.
  • As expected, wage negotiations with unions are heating up with government hamstrung by financial difficulties and sticking with its pledge for 0% increases – increasing the likelihood of national strike action in the near-term.
  • Commodities providing little support to ZAR today: gold -0.13%, platinum -0.57%.
  • Intraday Sup1: 14.4247, Sup2: 14.3833, Res1: 14.4746, Res2: 14.5238