Thursday, October 15, 2026

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FxWirePro: South African rand hits fresh 3 –month high against US dollar, good to sell on rallies

Pair is currently trading at 14.3767 marks. It made intraday high at 14.4786 and low at 14.3688 levels. Intraday bias remains bearish till the time pair holds key resistance level at 14.6370 levels. A sustained break bel…

By Cynthia Firey Eakin
1 min read
FxWirePro: South African rand hits fresh 3 –month high against US dollar, good to sell on rallies
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  • Pair is currently trading at 14.3767 marks.
     
  • It made intraday high at 14.4786 and low at 14.3688 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance level at 14.6370 levels.
     
  • A sustained break below 14.3224 likely to test key support levels at 14.26/13.91 levels.
     
  • On the other side, reversal from key support will take the parity higher towards 14.50/14.6370/14.92/ 15.16 marks respectively.

We prefer to take short position in USD/ZAR around 14.3830, stop loss 14.6370 and target 14.3224 levels.

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By FxWirePro Team