- USD/ZAR is currently trading around 15.22 levels.
- It made intraday high at 15.35 and low at 15.15 levels.
- Intraday bias remains bearish till the time pair holds immediate resistance at 15.32 mark.
- A daily close above 15.32 will take the parity higher towards key resistances around 15.53, 15.73,15.98 and 16.24 marks respectively.
- Alternatively, a daily close below 15.32 will drag the parity down towards key supports at 15.02, 14.82, 14.70, 14.52, 14.30 and 14.05 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- South Africa Aug 2018 net $gold & forex reserves decrease to 42.35 usd vs previous 42.44 usd.
- South Africa Aug 2018 gross $gold & forex reserves decrease to 49.848 usd vs previous 50.511 usd.
We prefer to take short position on USD/ZAR only below 15.02, stop loss at 15.35 and target of 14.82/14.70.


Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro- Woodies Pivot(Major)
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro: AUD/USD edged lower as early optimism over U.S.–Iran peace talks fade
FxWirePro: USD/JPY steadies around 158.75, bias bullish
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets 



