- USD/ZAR is currently trading around 14.89 levels.
- It made intraday high at 14.96 and low at 14.87 levels.
- Intraday bias remains slightly bearish till the time pair holds immediate resistance at 15.08 mark.
- A daily close above 14.94 will take the parity higher towards key resistances around 15.08, 15.22, 15.32, 15.53, 15.73,15.98 and 16.24 marks respectively.
- Alternatively, a daily close below 14.94 will drag the parity down towards key supports at 14.81, 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. Current downside movement is short term trend correction only.
We prefer to take short position on USD/ZAR around 14.92, stop loss at 15.08 and target of 14.70.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major European Indices
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro- Woodies Pivot(Major) 



