Thursday, October 15, 2026

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FxWirePro: South African rand depreciates against US dollar, strong resistance falls at 15.53

USD/ZAR is currently trading around 15.4990. It made intraday high at 15.5277 and low at 15.4503 levels. Intraday bias remains bullish for the moment. A daily close below 15.45 will drag the parity down towards key suppo…

By Cynthia Firey Eakin
1 min read
FxWirePro: South African rand depreciates against US dollar, strong resistance falls at 15.53
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  • USD/ZAR is currently trading around 15.4990.
     
  • It made intraday high at 15.5277 and low at 15.4503 levels.
     
  • Intraday bias remains bullish for the moment.
     
  • A daily close below 15.45 will drag the parity down towards key supports at 15.39/15.37/15.19 levels.
     
  • Alternatively, reversal from key support levels will take the parity up to test key resistance at 15.53 marks.

We prefer to take long position in USD/ZAR only above 15.53, stop loss 15.45 and target 15.57/15.62 marks respectively.

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