- USD/ZAR is currently trading around 14.94 levels.
- It made intraday high at 15.10 and low at 14.94 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 15.12 mark.
- A daily close above 15.12 will take the parity higher towards key resistances around 15.40, 15.70, 15.92 and 16.10 marks respectively.
- Alternatively, a daily close below 15.12 will drag the parity down towards key supports at 14.94, 14.70 and 14.57 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- South Africa standard bank whole economic PMI stands at 49.7 vs 48.4 previous release.
We prefer to take short position on USD/ZAR around 15.00, stop loss at 15.12 and target of 14.70/14.57.


FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: USD/JPY holds range near 160 as intervention risks loom
FxWirePro- Major Pair levels and bias summary
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro- Woodies Pivot(Major)
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro- Major Crypto levels and bias summary
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites
FxWirePro: AUD/USD recovers slightly from early decline but bears are not done yet
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm 



