- USD/ZAR is currently trading around 14.19 levels.
- It made intraday high at 14.23 and low at 14.18 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 14.50 mark.
- A daily close above 14.20 will take the parity higher towards key resistances around 14.40, 14.53, 14.64, 14.94 and 15.26 marks respectively.
- Alternatively, a daily close below 14.20 will drag the parity down towards key supports at 14.02, 13.93, 13.78, 13.70 and 13.50 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 long position on USD/ZAR around 14.22, stop loss at 14.32 and target of 14.02.


FxWirePro- Major Pair levels and bias summary
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: EUR/AUD retreats slightly but trend is still bullish
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
FxWirePro: GBP/NZD uptrend loses momentum but bullish setup remains
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity 



