ANALYSIS
NQ100 Finds Support from PPIApr 14
Negative Outlook Continues in USDZAR
While the negative course continues before the interest rate decision from South Africa tomorrow, the depreciation in the Dollar index accelerates the sales movements. Technically speaking, 18.0300 and 17.9700 levels can be considered as support in the currency pair, where we expect the selling movements to continue in the closings below the 18.2500 resistance, which coincides with the descending minor trend line. On the other hand, the intermediate resistance of 18.1400 will be in our follow-up in respond purchases.
