- USD/ZAR is currently trading around 13.18 levels.
- It made intraday high at 13.29 and low at 13.18 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 13.27 mark.
- A daily close above 13.27 will take the parity higher towards key resistances around 13.40, 13.51, 13.40, 13.62, 13.70 and 13.90 marks respectively.
- Alternatively, a daily close below 13.27 will drag the parity down towards key supports at 13.10, 12.96, 12.87, 12.70, 12.48, 12.30, 12.22 and 12.14 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on USD/ZAR around 13.23 mark, stop loss 13.40 and target of 12.96.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/AUD recovers slightly but outlook is still bearish
FxWirePro: GBP/NZD downtrend loses momentum but bearish setup remains
FxWirePro: NZD/USD edges lower as Geopolitical risks keep risk sentiment fragile
FxWirePro: USD/ZAR gains upside momentum as bulls take charge
Bitcoin Flat Near 77k as US-Iran Tensions Escalate; ETF Inflows Near $1B for the Week
FxWirePro: EUR/AUD edges higher but bearish outlook persists
FxWirePro: GBP/NZD continues to recovers , upside pressure builds
FxWirePro: GBP/USD falls as fragile ceasefire keeps investors on edge
FxWirePro: EUR/AUD tight ranges prevail as market waits for fresh catalyst
FxWirePro: EUR/ NZD under pressure after early buying dries up
FxWirePro: GBP/AUD maintains bearish bias with focus on 1.8800
FxWirePro- Major Pair levels and bias summary
Euro Stabilizes Near 1.1713 as IFO Weakness Meets Oil Volatility; 1.1800 in Focus
FxWirePro- Major Pair levels and bias summary
NZDJPY Dip-Buy Setup: 93.58 Holds as Bulls Eye 95–96
FxWirePro: EUR/ NZD recovers some ground but bears are not done yet 



