- USD/ZAR is currently trading around 18.82 levels.
- It made intraday high at 19.06 and low at 18.80 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 19.18 mark.
- A daily close above 19.08 will the parity higher towards key resistances around 19.18, 19.32, 19.54 and 19.77 marks respectively.
- Alternatively, a daily close below 18.76 will drag the parity down towards key supports at 18.40, 18.02, 17.91, 17.70, 17.30 and 17.02 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take short position on USD/ZAR around 18.85, stop loss at 19.18 and target of 18.40.


FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying
FxWirePro: GBP/USD stuck in range but maintains bearish bias
FxWirePro: USD/JPY edges up as yen dips after soft household spending data
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY drifts lower, vulnerable to more downside
FxWirePro- Major European Indices
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom 



