SOUTH AFRICA: USDZAR Tech Update – Clears Short-Term Resistance
Dec-01 13:18
- USDZAR has rallied sharply higher and in the process has cleared a key short-term resistance at 17.5265, the 50-day EMA.
- A firm resistance is seen at 17.9384, the 61.8% retracement of the downleg between Oct 13 - Nov 30.
- A break of this chart point would expose 18.5815, the Oct 13 high.
- Price needs to trade below 16.8980, the Nov 30 low to reinstate a bearish theme.
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STIR: Effective Fed Funds Rate
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FRBNY EFFR for prior session:
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- 10,000 short Mar 95.25/95.50 put spds, 8.0 ref 95.84 at 0852:44ET
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