Free Trial

USDZAR Starting To Move Higher On Earlier Ramaphosa Headlines

SOUTH AFRICA
  • USDZAR continues ticking up as original Ramaphosa headlines are given more attention from around 16.97 to 17.05 as of writing.
  • Last week’s break of trendline support drawn from the Apr 13 low has strengthened bearish technical conditions overall.
  • - On the upside, resistance levels to watch are; 17.3524, the former trendline support and a firmer level at 17.5397, the 50-day EMA.

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.