FXMarketAlerts Team
FXMarketAlerts
Published at 14:37 (GMT) 23 Oct
23 Oct USD/ZAR Daily
14::30GMT - Bounce has been underway last few hours after the new reaction low was held at 10.92. This is first sup. now closely followed by 10.90/1. At this stage, the mkt. needs to clear today's high at 11.0120 to suggest that a reversal is underway. Otherwise, easier course will be for more weakness.N.I.
R5: 11.1980 * 16 Oct high
R4: 11.1375 Fri high
R3: 11.1010 * Mon high
R2: 11.05/7 intraday level
R1: 11.0210 today high
S1: 10.9200 today low
S2: 10.90/91 intraday level
S3: 10.8665 * 16 Sep low
S4: 10.85~ * break area
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