- USD/ZAR is currently trading around 13.71 levels.
- It made intraday high at 13.73 and low at 13.65 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 13.68 will take the parity higher towards key resistances around 13.94, 14.02, 14.12, 14.32, 14.50, 14.78 and 14.99 marks respectively.
- Alternatively, a daily close below 13.68 will drag the parity down towards key supports at 13.53, 13.26 and 13.07 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 repo rate as well as prime rate data at 1300 GMT.
We prefer to take short position on USD/ZAR around 13.75, stop loss at 14.02 and target of 13.53/13.26.


FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro: USD/CAD pauses decline,critical support lies ahead
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias 



