- USD/ZAR is currently trading around 14.37 levels.
- It made intraday high at 14.39 and low at 14.33 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 14.37 will take the parity higher towards key resistances around 14.50, 14.78 and 14.99 marks respectively.
- Alternatively, a daily close below 14.37 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 will release gold production data at 0930 GMT and manufacturing production data at 1100 GMT.
We prefer to take long position on USD/ZAR only above 14.50, stop loss at 14.22 and target of 14.99.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains
FxWirePro: GBP/AUD recovers slightly but bears are not done yet
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 



