Thursday, October 15, 2026

Technicals

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FxWirePro: South African rand erases previous gain against US dollar, good to buy on dips

Pair is currently trading at 14.26 marks. It made intraday high at 14.26 and low at 14.19 levels. Intraday bias remains bullish till the time pair holds key support level at 14.16 levels. A sustained break below it likel…

By Cynthia Firey Eakin
1 min read
FxWirePro: South African rand erases previous gain against US dollar, good to buy on dips
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  • Pair is currently trading at 14.26 marks.
     
  • It made intraday high at 14.26 and low at 14.19 levels.
     
  • Intraday bias remains bullish till the time pair holds key support level at 14.16 levels.
     
  • A sustained break below it likely to test key supports at 14.11/13.98/13.68 levels.
     
  • On the other side, reversal from 14.16 will take the parity higher towards 14.64/14.92/ 15.16 marks respectively.

We prefer to take long position in USD/ZAR around 14.24, stop loss 14.16 and target 14.64/14.92 levels.

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By FxWirePro Team