• FxWirePro: USD/ZAR hits fresh 4 – month low at 14.42 Mark, sarb’s quarterly bulletin in focus

    المصدر: FxWire Pro - Technicals / 13 ديسمبر 2019 02:20:32   America/New_York

    • USD/ZAR is currently trading around 14.48 levels.
    • It made intraday high at 14.49 and low at 14.42 levels.
       
    • Intraday bias remains slightly bearish for the moment.
       
    • A daily close above 14.49 will take the parity higher towards key resistances around 14.70, 14.94, 15.02, 15.22, 15.40, 15.70, 15.92 and 16.10 marks respectively.
       
    • Alternatively, a daily close below 14.49 will drag the parity down towards key supports at 14.40, 14.22, 14.15 and 13.83 levels respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

    We prefer to take short position on USD/ZAR around 14.55, stop loss at 14.70 and target of 14.40/14.22.

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