- USD/ZAR is currently trading around 12.48 levels.
- It made intraday high at 12.49 and low at 12.42 levels.
- Intraday bias remains bullish till the time pair holds key support at 12.30 mark.
- A daily close above 12.44 will take the parity higher towards key resistances around 12.52, 12.61, 12.77 and 12.90 marks respectively.
- Alternatively, a daily close below 12.44 will drag the parity down towards key supports at 12.30, 12.20, 12.02, 11.94, 11.84, 11.70, 11.62 and 11.53 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 long position on USD/ZAR around 12.47, stop loss at 12.40 and target of 12.90.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: USD/JPY edged higher as dollar gains as peace talks falter
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: AUD/USD bulls struggles as upside momentum fades
NZD/JPY Eyeing 95.00: Bullish Trend Holds Amid Strategic Consolidation
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD softens on Iran peace talk failure
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: USD/CNY partially recovers early session losses
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: AUD/USD retreats slightly but trend is still bullish
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: GBP/AUD gains some upside momentum but still bearish 



