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FxWirePro: USD/ZAR maintains bullish bias with focus on 18.250 level

• The USD/ZAR strengthened  on Tuesday   as U.S. President-elect Donald Trump's tariff threat   on emerging markets.

• Trump pledged to impose significant tariffs on the U.S.'s three largest trading partners—Canada, Mexico, and China—outlining his plans to fulfill campaign promises that could lead to trade wars.

• Commodity-linked currencies, including the rand, were hit hard following the announcement due to their strong ties to China.

 •At GMT 11:22, the pair was trading last up 0.30 percent  at 18.095  after hitting highest since Nov 5th  

• Immediate resistance is located at 18.219 (Daily hiigh), any close above will push the pair towards 18.897 (23.6%fib).

• Strong support is seen at 18.031 (50%fib) and break below could take the pair towards 17.992 (SMA 14)

Recommendation: Good to buy  around 18.080 with stop loss of 17.900  and target price of 18.250

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