- USD/ZAR is currently trading around 11.80 levels.
- It made intraday high at 11.81 and low at 11.76 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 11.92 will take the parity higher towards key resistances around 12.02, 12.20, 12.32, 12.45, 12.61, 12.77 and 12.90 marks respectively
- Alternatively, a daily close below 11.70 will drag the parity down towards k-ey supports at 11.53, 11.24, 11.08, 10.90 and 10.60 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 long position on USD/ZAR only above 12.02 mark, stop loss 11.70 and target of 12.32.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


Euro Under Pressure: EURUSD Retreats Amid Escalating Middle East Tensions
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
Ethereum Stays Resilient: ETHUSD Follows Bitcoin's Lead Above USD 2,300
FxWirePro: AUD/USD stalls as uncertainty around the U.S.-Iran outlook peace talks weighed on risk sentiment
FxWirePro- Woodies Pivot(Major)
FxWirePro: NZD/USD recovers majority of early losses
FxWirePro: USD/CAD dips as weaker dollar gives bears some traction
FxWirePro- Major European Indices
FxWirePro: GBP/USD recovers from early dip but upside is limited
FxWirePro: USD/JPY edges higher as dollar recovers some lost ground
Solana at a Crossroads: Triple Bottom Support Offers Lifeline for SOL Bulls
Aussie Retreat: AUDJPY Sees Minor Profit-Taking After Touching Multi-Year Peak
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: USD/CNY edges lower, set to stay on back foot
FxWirePro: AUD/USD softens as Iran rejects US peace talks
Sterling Surge: GBPJPY Rebounds from Fibonacci Support as Yen Weakness Persists 



