Friday, October 16, 2026

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Upbeat SA trade data provides USD/ZAR a brief lift

Source: Thomson Reuters USD/ZAR looks heavy, profit taking provided better buy levels into the data SA trade deficit 8.48bln vs -24.22bln Jan, -5.7bln expected Qtr-end demand for Dollars and this the broader market theme…

By Jay L. Zagorsky
1 min read
Upbeat SA trade data provides USD/ZAR a brief lift
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Source: Thomson Reuters


  • USD/ZAR looks heavy, profit taking provided better buy levels into the data 

  • SA trade deficit 8.48bln vs -24.22bln Jan, -5.7bln expected 

  • Qtr-end demand for Dollars and this the broader market theme too

  • Next resistance for the pair seen at 61.8% Fibo, 12.5250-11.7550, at 12.2309

  • After Monday's close above 12.15 pair could test 12.30s but 12.16-17 risk first

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By FxWirePro Team