- USD/ZAR is currently trading around 15.57 levels.
- It made intraday high at 15.69 and low at 15.25 levels.
- Intraday bias remains bullish till the time pair holds key support at 14.82 mark.
- A daily close above 15.34 will take the parity higher towards key resistances around 15.73,15.98 and 16.24 marks respectively.
- Alternatively, a daily close below 15.34 will drag the parity down towards key supports at 14.82, 14.70, 14.52, 14.30 and 14.05 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- South Africa Aug 2018 std bank whole econ PMI decrease to 47.2 vs previous 49.3.
We prefer to take long position on USD/ZAR around 15.55, stop loss at 15.25 and target of 15.98.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Major Crypto levels and bias summary
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Pair levels and bias summary 



