Asia stocks rose the most in a month, the yen fell to a three-month low and metals rallied after China pledged to help resolve Europe’s debt crisis. European officials ratcheted up the pressure on the Greek government to deliver budget cuts in exchange for a second bailout as they insisted that default is not an option. Finance ministers cancelled a Brussels meeting slated for today and will hold a teleconference instead to prod Greece to do more to clinch an aid package worth 130 billion euros ($170 billion) along with about 100 billion Euros of debt relief from private bondholders. Greece needs the aid to make a 14.5 billion-euro bond payment on March 20. | |
Market Prices USD-ZAR |
| |
Open | 7.7453 |
High | 7.7687 |
Low | 7.6772 |
Close | 7.7453 |
Current Mid | 7.6599 |
Change | -0.0620 |
% Change | 0.800% |
Volatility | 20.07% |
| |
Trading Levels USD-ZAR |
| |
Resistance 3 | 7.8943 |
Resistance 2 | 7.8485 |
Resistance 1 | 7.8028 |
| |
Pivot | 7.7304 |
| |
Support 1 | 7.6655 |
Support 2 | 7.6198 |
Support 3 | 7.5740 |
|
