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FxWirePro- Major European Indices 
- USD/ZAR is currently trading around 14.26 levels.
- It made intraday high at 14.36 and low at 14.25 levels.
- Intraday bias remains slightly bearish for the moment.
- A daily close above 14.32 will take the parity higher towards key resistances around 14.50, 14.78 and 14.99 marks respectively.
- Alternatively, a daily close below 14.32 will drag the parity down towards key supports at 14.22, 14.08, 13.94, 13.72 and 13.53 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- South Africa Nov 2018 CPI mm decrease to 0.2 % (forecast 0.1 %) vs previous 0.5 %.
- South Africa Nov 2018 core inflation mm increase to 0.2 % (forecast 0.1 %) vs previous 0.1 %.
- South Africa Nov 2018 CPI NSA increase to 109.6 vs prev 109.4.
We prefer to take short position on USD/ZAR only below 14.22, stop loss at 14.47 and target of 13.94.
