• FxWirePro: South African Rand trades flat ahead of CPI, core CPI data

    来源: FxWire Pro - Technicals / 22 四月 2020 03:39:33   America/New_York

    • USD/ZAR is currently trading around 18.90 levels.
    • It made intraday high at 19.06 and low at 18.88 levels.
       
    • Intraday bias remains neutral till the time pair holds key resistance at 18.94 mark.
       
    • A daily close above 18.94 will the parity higher towards key resistances around 19.11, 19.32 and 19.54 marks respectively.
       
    • Alternatively, a daily close below 18.94 will drag the parity down towards key supports at 18.72, 18.40, 18.02, 17.91, 17.70, 17.30 and 17.02 levels respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
       
    • South Africa will release CPI as well as core CPI data around 0800 GMT.

    We prefer to take long position on USD/ZAR only above 19.11, stop loss at 18.70 and target of 19.32/19.54.

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