- South Africa's rand clawed back more ground against the dollar on Wednesday, pushing USD/ZAR lower
- Fading likelihood of a U.S. interest rate hike next week boosted emerging markets, supporting ZAR
- The rand is currently trading at 13.5965, edging lower from day's high at 13.7294, day's lows at 13.5358
- A close above 13.6500/dollar on Wednesday will likely push ZAR higher towards 13.4500 and 13.3000 levels
- Immediate resistance is seen at 13.7300 (Session High Sep 9), while support on the downside is seen at 13.5500 (Session Low Sep 9)
R1: 13.7300 (Session High Sep 9)
R2: 13.9885 (Daily High Sep 8)
R3: 14.0175 (2015 High Sep 7)
Support Levels:
S1: 13.5500 (Session Low Sep 9)
S2: 13.5315 (10-Day MA)
S3: 13.5038 (50% Fibo 12.99-14.0175)


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