- USD/ZAR is currently trading around 12.30 levels.
- It made intraday high at 12.31 and low at 12.21 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 12.45 will take the parity higher towards key resistances around 12.61, 12.77, 12.90, 13.15, 13.52, 13.75, 13.82, 13.94, 14.11, 14.23, 14.45, 14.51, 14.57, 14.68 and 14.77 marks respectively.
- Alternatively, a daily close below 12.26 will drag the parity down towards key supports at 12.22, 12.14 and 12.01 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 retail sales data at 1100 GMT.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


ETHUSD Eyes 2770+ Breakout as Dip-Buy Zone Forms Around 2300 Amid Tensions
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD downtrend loses momentum but bearish setup remains
GBPJPY Rises on Solid UK Data: Dip-Buy Setup at 214.6 Eyes 217
EURUSD Bearish Tilt: Sell Rallies Near 1.1730 as Safe-Haven Demand Keeps 1.16 in Sight
FxWirePro: AUD/USD nurses losses in subdued trading
FxWirePro: USD/ZAR gains upside momentum as bulls take charge
FxWirePro: NZD/USD edges lower as Geopolitical risks keep risk sentiment fragile
FxWirePro: GBP/USD falls as fragile ceasefire keeps investors on edge
FxWirePro- Major Crypto levels and bias summary
Euro Stabilizes Near 1.1713 as IFO Weakness Meets Oil Volatility; 1.1800 in Focus
ETHUSD Dips to 2285 Then Rebounds on $150–$200M ETF Inflows and Altcoin Upside
FxWirePro: USD/ JPY remains buoyant, looks to extend gains
FxWirePro- Woodies pivot (Major) 



