Thursday, October 15, 2026

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FxWirePro: Rand extends gains, fading likelihood of a Fed hike next week boosted emerging markets

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 t…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • 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)

Resistance Levels:

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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By FxWirePro Team