Free Trial

ZAR: USDZAR at New Session Lows, Back Below 50-Day EMA

ZAR

Downside momentum continuing for USDZAR (-0.55%), pressing fresh session lows as Ramaphosa’s comments from his first SONA of the year cross the wires. Weakness is likely being assisted by the break of the 50-day EMA, with initial support marked at 18.3022, the Jan 24 low.

45 words

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.

Downside momentum continuing for USDZAR (-0.55%), pressing fresh session lows as Ramaphosa’s comments from his first SONA of the year cross the wires. Weakness is likely being assisted by the break of the 50-day EMA, with initial support marked at 18.3022, the Jan 24 low.